Top Down Review 11.16.2014

I am back from down under and here is tonight’s web video.  The market appears to have jet lag as it stalls at a top with reduced volume.  Will this divergence + the end of QE lead to an eventual sharp pullback or is the market getting ready for its year end run up?  Although the indices have held up there is clear rotation into laggard groups as the leaders appear to blow up one by one.  If you are interested in attending the February meeting with George Lea in Palm Beach email me at