Starting to look like the long-awaited correction in US markets is beginning. Internals softened yesterday despite a positive day. The small caps & transports weakened first, and are starting to break trend.

There was a mini-correction in late Feb, but this one should last longer. I don't know if this will be the BIG ONE - I suspect we'll have another wave up before a real serious move down, but I think the summer could be rough for US equities.