Volume Reverses, Shows Strong Selling

The Klinger volume indicator has developed a sharp reversal, suggesting strong selling of stocks.

EZ Slides Toward the Abyss

from the WSJ:
NEW YORK—Stocks opened lower as investors digested a bleak assessment for global growth and waited to see whether the start to earnings season would underscore economic worries.
The Dow Jones Industrial Average ticked down 22 points, or 0.2%, to 13563 in the minutes after Tuesday's opening bell. The Dow fell 26.50 points, or 0.2%, on Monday, snapping a three-session win streak.

IMF Says Risk of Global Recession Rising

OECD Tells U.S. To Put It's Fiscal House In Order

And just when the slowing economy was reaching stall speed, economists at the OECD give us this:

The world's finance ministers gathering in Tokyo this week will ramp up pressure on U.S. and European officials to resolve two mounting threats to the global economy: a standoff over budget policy in Washington and another dangerous turn in the euro-zone debt crisis.
At the annual meetings of the International Monetary Fund and World Bank, officials from the 188 nations that own the two institutions will plead for action as the world economy decelerates to its slowest growth since the global recession that started four years ago.