Last week, I implored bullish investors to Pay Attention to some early signs of weakening that I saw during my assessment of the market.  Now that another week has gone by, I am suggesting that you should Pay Closer Attention.  In general, many previously strong stocks are slowing and some are weakening.  Although this isn’t usually enough to encouraging me to change an UP signal to DOWN, it does change my behavior. When this happens, I pay closer attention and tend to be more cautious about putting on new longs and more aggressive about exiting.   The light volume that typically occurs in the three weeks preceding Labor Day makes market assessment very difficult.  Some commentators tell you to downplay or almost ignore what happens during this period and wait until the big players get back from vacation.  To me, that’s crappy advice and instead, I just ask you to pay closer attention.