As you know, I have a list of 9 high price market leaders that I like to monitor. When the leaders start to weaken, the rest of the market eventually follows. Well, 4 of the 9 leaders have now closed below their critical 10 week averages. They remain in longer term, Stage 2 up-trends, but are not powering higher now. This is a good time for me to be to be conservative. I own only the GLD ETF and am waiting for the market to show a clear short term trend. The longer term trend remains up. Sometimes it is better to sit on the sidelines and enjoy the show.