Markets are taking a nice slide down right now on pretty aggressive volume. The last few weeks we have been slowly moving higher on low volume and it was about time that momentum was slowing. We formed bear flags in the indices and broke down again on Friday. I sold most stocks last week and I am mostly in cash, saving myself from the carnage this past week. Make sure you stay nimble in this market and I am a seller right now as support has been broken in the indices! I have not shorted any stocks in this pullback, which would have banked me some nice coin, but I have exited my long positions last week, which prevented further losses. Stay disciplined!!
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