The market is showing signs of cracking but that is no reason to rush to short a market that doesn’t want to seem to ever stay down. When it is time to short, trust me, I will be shorting. Now is not the time. We need a real downtrend, the indexes below the 50 dma, and more than 4 clear days of distribution. We do not have this yet.
If this was a bear market, PNW and CTSH would make good shorts.
PNW
CTSH
