On Tuesday, only 23% of the Nasdaq 100 stocks rose, along with just 9% of the S&P 500 stocks and 10% of the Dow 30 stocks. 
There were only 52 new 52 week highs in my universe of 4,000 stocks and few successful new highs from 10 days ago. The Daily SPY Index is negative and the Daily QQQQ Index will turn so after one more day below its important 30 day moving average. The SPY is now below its 10 week average after staying above it for 10 weeks. The Worden T2108 Indicator fell to 36%, still far above the 20% + level to which market declines have often fallen to. In spite of all the talk about rising inerest rates, the short term interest rate index remains in a down-trend!
I have only 3 more days before option expiration when many of my stocks will be called away. Still, much of this month’s gains have disappeared with this decline. And the GMI-S index of short term indicators has fallen to 25. If the QQQQ Index goes negative, I will start buying the Ultra Short ETF for the QQQQ, QID. In that way I can make money as the market falls. It may still prove right to "sell in May"……….
See my disclaimer at the bottom of my prior post.