Investors are feeling that we've seen the bulk of the gains already so they're taking some money off the table. There's no major catalyst to keep this rally going.
More Quotes from Evan Olsen:
Apple was a disappointment last night. It's kind of leading the techs down. That group seems to be getting hit harder than the overall market,Evan Olsen
It's very, very early in the earnings season, but so far it's been pretty good. We started (the day) with people optimistic after yesterday, but the enthusiasm has faded.
Evan Olsen
Overall it looks slightly positive this morning.
Evan Olsen
In general we try to cut our positions at the end of the day and even more so on a weekend. Ahead of an event like this, you're going to be a lot more conservative than normal.
Evan Olsen
Oil had a pretty big spike yesterday and that was negative. If it continues to go that way again, it could be something we start to watch again.
Evan Olsen
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