The current rally remains under pressure as the major averages continued to pull back from their highs last week. The Nasdaq fell for a fourth consecutive week, while both the Dow Jones Industrials and the S&P 500 closed lower for a third week in a row. More importantly, the Dow and the S&P each closed below support of their 50-day moving average. This is an area where these benchmarks had held above since 2/29. Looking to today’s open – after a rough week, market opens Monday morning higher. Still, going forward caution is advised and we should really turn our attention to our current positions. Here is an update on a previous breakout from my Trendline SetUp WatchList. SEE TODAY’S COMPLETE REPORT HERE