Rally Falters, Sell-Off Resumes

The rally has faltered, and continued selling has resumed to end the week. Many traders, large and small are either taking profits or simply don't want to assume the risk of maintaining a position over the weekend. I wouldn't be at all surprised if buying resumes next week. Quite honestly, I see this as a very healthy correction. It is one that is needed, and it will provide for renewed buying and vigorous activity next week. As far as corrections are concerned, this one is relatively weak. I expect further buying and upside potential in the near future.