A Trend That Disturbs...

I feel like a broken record. The Dow needs a consolidation and should consolidate from going to a 9250 low, and returning to a 10,746-10,800 high.

Or, simply reverse my statement. This is a market that boosted up Monday, in our "important test week," and has since inched up slightly each day, held it's own but now struggles just above 10,550 again.
By 2 p.m. the market had hit theoretical Dow tops of 10,635.

No chart will show us at this point. It's a waiting game for what "triggers" upside or "downside." We do not believe the market is ready for "free-fall," merely a consolidation, around new highs, uncertain which will come first.


OF NOTE:
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A trend that disturbs us for the entire market is that we are all staying put. In prior recessions, and with job advancements, there were a high degree of population mobility. This brought money in many directions. This is a slowing migration, and will affect real estate, and shows what the lack of jobs means, and that the Wall Street "happies" have not yet hit "Main Street."