The NASDAQ Is Now Below 5% Below Its UJ Line

The NASDAQ is now below 5% below its UJ line, which is not extended. It's getting closer, isn't a lot of room. The fact that it's requiring almost every other stock to fall, other than Apple Microsoft, Amazon, Google, that just is a difficult environment. Breakouts failing, breadth narrowing, the queues sort of extended. I mean, all of these are sort of warning signs. Some stocks that looked good a couple of days ago, some of them that look really good even yesterday, today they look terrible.