Friday's trading action in the stock market suggests that a re-test of the lows is in order. 2% plus losses in most of the major indexes is usually a good sign of continued weakness ahead. In fact, the market has not acted well since its last huge up day on April 1st. Was that indeed April Fools Day? That could be the case.

Still, there are some sectors that continue to perform well...those mainly tied to commodities.

On another note, the Dollar Index looks like it is setting up for another leg down.

scott@kungfutrader.com