Equities

Equities made an important move to the downside yesterday as some important support levels and uptrend lines were broken.   This action isn't surprising.  I said Monday morning that the S&P 500 would probably breakout of its' trading range soon.  The main reason for the selloff was the Tech Sectors' selloff after failing to break resistance and make new highs.  Added to this was the Healthcare sector breaking the lower side of a recent tight trading range as well as the Discretionary Sector failing at resistance and breaking its' recent uptrend.