Red For Market Leaders

Despite the green on your screen, there is blood on the leaders, which is never a good sign for the rest of the day. Names like Apple AAPL, Netflix NFLX, salesforce.com CRM and Green Mountain Coffee GMCR are solidly red this morning. This could be an indicator for the rest of the day, as bounces are likely to be sold. We are still in a correction, and traders should be cautious on any breakouts.