After taking several week off from the markets for the holidays, I am refreshed and looking forward to sending the analysis of the Markets based on Market Development and Market Structure.

As you will see from today’s Briefing, stocks corrected from the Dow 29,000 area. Several attempts were made by buyers to continue the rally but sellers were slightly stronger and the selloff continued. Important to whether this is the beginning of a greater degree correction will be what happens with the buying tails from today and then the intermediate term support levels outlined in the Briefing.