Light selling, but not enough to threaten breakouts
Friday's GDP data didn't rock the boat too much, and by the close losses were light and inline with profit taking. The only warning sign was a 'sell' trigger in the Nasdaq Percentage of Stocks Above the 50-day MA. Unusual in that the Nasdaq has been the high flyer of the indices in recent weeks. Breadth metrics for the Nasdaq need to be watched closely should such weakness expand.