As you will see in today’s Briefing, the market internals continue to weaken, while price is making new all-time highs. Although, the Russell saw an intermarket divergence. Most important is the fact the percentage of stocks above their 20-day and 50-day moving averages continued to decline. I am looking to be short this market, as long as the internals continue to be weakening, but will wait until short-term support levels are broken.