The Russell 2000 (IWM) has broken its trend regression channel up from the late October low. In and of itself it is only a "shot across the bow," warning of a steeper decline. Although we do not have a formal Sell Signal to act upon, it is something to keep in mind going into another long weekend. The DJIA and Nasdaq have lost their early gains, with the former now below yesterday's open, and the latter now negative for the day. A clear reversal of trend before Thursday's shorter session would be worrisome for next Monday's Open. Stand-by.
