We needed a sentiment correction headed into a seasonally soft period, notes David Waddell. He discusses market trends to have on your radar. He talks about how bullish sentiment has declined to 31% from 51% and he would like to see 25% before sounding the all clear. He mentions that as sentiment retracts, buy those areas that have suffered the most. He favors smaller cap and value biased strategies and equal weight S&P 500 over the large cap. Tune in to find out more about the stock market today.