This Gap Up Could Be Faded

We've seen some selling pressure the last few days. Watch for red candles into the gap in the first 30 minutes.

PRE-OPEN MARKET COMMENTS WEDNESDAY - The price action this week has been soft and we've seen some profit taking. The volume has been decent and the headwinds are blowing. This morning the CPI came in as expected (.3%) and the S&P 500 rallied over 20 points on the news. There were probably some nervous jitters heading into the number and I view this as a relief rally.

Daily Bulletin Continues...