Blue Chips fell yesterday, September 25th, however the internals were weak, and damage was done to the potential for a continuation of the uptrend. Decliners exceeded advancing issues. Our Blue Chip key trend-finder indicators moved to a new Sideways signal from a Buy as both the 30 day and 14 day stochastics moved to a Sell. Techs and small caps rose slightly. The market generated the 17th Hindenburg Omen observation for the official H.O. from August 14th. This is an extraordinary situation warning that the stock market is in a fragile condition at this time. Today, the Fed will announce its latest short-term interest rate policy decision, probably raising short term interest rates again.
Keep your eye on the ball.