Putting pullbacks in perspective, the weekly charts are a good place to start. This 5% pullback is the fifth time since March 9th that we have had this kind of retracement. This is going to be tough trading this week as neither rallies nor pull backs are to be trusted. I am watching for a bottom to form or possible more pullback. Tom is calling for an Apple watch as a catalyst for a market decision. A strong Apple report could finish off the Nasdaq correction and send the market back up. A bad report could start more selling.
