We had a rare form of stalling on the NASDAQ yesterday giving us a full distribution count of 6 days within the last 25 days. This is a lot of distribution to be carring a full portfolio. So I have lightened up and am now about 50% invested in RNF, TRGP, RYL, URI. I am also trying two shorts in BIDU and PCLN. I may be too early to be shorting so these are on a short leash.

I was able last week to sell DDD near the top as it broke an upper trend line. DDD seems to be having an energetic bounce at the 50-day today so things can change. I also sold BCEI on Friday to lock in profits.

As I write the volume is higher across both major exchanges. The NASDAQ is lower (on a day that AAPL is up) on higher volume. So this morning so far shows more distribution.

Take a look at the following chart. All that liquidity and no place to go.
Name: SP50day.GIF Views: 188 Size: 14.9 KB