Mid Week Review

A gap open to the upside produced a short lived rally that faded in the afternoon to fill the gap. Selling pressure predominated all afternoon however we got a higher high and a higher low today than yesterday so it appears we have some support at this level. Friday the Retail Sales report is released and this report has the potential to really move the market and is rated an A- by Yahoo Finance. Sentiment continues to be bearish. Click on image to enlarge.