Today we saw a lot of failed breakout above previous day highs in key stocks. AAPL finally succumbed to some profit taking after rising for 7days into this morning. The narrow strength in a few big names has driven up the indices recently but masked weakness in financials, commodities and small-caps. New 12-month lows have been outrunning new highs for the last few days. That combined with weakness in copper still paints a slow down picture. Lets see if Chairman Bernanke can pull another rabbit out of his hat tomorrow.
