Now all the indexes are down for the week. The S&P 500 bounced off the first touch of 50 day moving average here which is no surprise. Obviously a ton of weakness and this will be yet another distribution day (along with another on NASDAQ yesterday). I believe that is now 7 distribution days (NASDAQ) in just over three weeks.
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog