After marking new highs in the early morning session, equities are struggling under their declining VWAPs and apparently heading towards their respective pivots. The semis are being hit particularly hard. Cumulative Tick and Advance-Decline slopes continue to deteriorate, although down volume is only slightly outpacing up volume at this time. ETF Rewind kicked out an official short-signal last night, not that those have worked out tremendously well during the last six months!