Just a look at the market

Yesterday the market looked like it was going to begin it's Stage Two retrobooster burn to space after weaker then expected home sales came out(which I guess was good news) and Greece would be saved as a thank you for creating Diners in the United States.  But then Whammy, the Tres Auctions were horrible, and Greece was told go screw and the market sold off at resistance levels. But the bulls didn't loose any ground.

SPX still has its uptrend intact, but the evidence is starting to mount up that maybe SPX is nearing its stalling speed. Stoch is overbought and MACD may be rolling over. If you look at SPX on a candle stick chart, yesterday's candle was a shooting star which can be seen as bearish.

NYAD once again remains above its three significant moving averages.  Until there is bearish pressure to bring down NYAD the market still should advance or chop. Notice the past three rallies have ended when NYAD moved below its 8 day EMA. It sits on this line starting today, a down day would move it below the 8 day EMA.   

One shinning star for the bears is that NYMO has dipped below zero which is a technical sell signal.