Today’s small give back is not unexpected, and with such small magnitude can be classified as “consolidation”.  While internals are also weak, they are not terribly sloped to the downside.

Related posts:

  1. 01.24.08 – Consolidation Day?
  2. 08.03.10 – Consolidation Nation
  3. 11.18.09 – Second Day of Consolidation?
  4. 07.09.08 – Consolidation
  5. 04.13.09 – Consolidation Trade