S&P didn't have much movement yesterday but I see that many stocks are loosing momentum. They are pulling back, it doesn't seem like a heavy pullback but I see little pullback.
Overboug-oversold ratio is showing the weakness in the market. In last 7 session market went up little but overbought-oversold ratio came down sharply, which is showing weakness in the market.
Immediately, we may see pullback of around 2% in the market but closing below 1375 will put this market in much down side atleast upto 1342.
This may be a good time to review your current position and see if you can start taking some profit out of move stop little closer without being too close to be stopped out.
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