Wednesday Morning Update

Once again I am having big problems with getting a chart. It seems to be Flash related (and unfortunately, there aren't many websites that aren't using it anymore). If I get a chart later I will edit this post. (EDIT: Got it) It looks like the scenario I laid out last night is starting to play out, we got a rise this morning (but not coming up the the 50dma) and another collapse. Leading sectors today are XLK and XLU, lagging by a mile is XLB. The Nasdaq has a slight lead, but the Russell 2000 is trailing big. Oil and gold are down, but I currently have treasury yields up.

I have 8 new highs o far, with breakouts in LQDT, BMRN, and HSNI. SNX reported last night and is up 10%.