Stocks Is Sinking

The stock market is giving up all the gains from Monday's gain plus more. This downtrend movement is using North Korean's missle launch test as an excuse to sell off from last week's strength. Even though the market has followed thru during last week, it still does not guarantee a new bull market will rise, but it just serve as a confirmation for bottoming is forming. Let's hope we do not have to test those levels again in the near future, but today's action is leaning toward that. I would be still cautious right now.