There continues to be some underlying decay in the market — note below that small and mid-cap indices are showing short term weakness in the technical model, while large caps (usually the last to fall) are still ok despite the Friday drop. read more

While there may certainly be instability this week as a result of the ongoing financial crisis in Greece, the more interesting observation is the number of market technicians and others that are saying that Greece is the tipping point and that the market will head toward correction as a result. read more