After 9 up days

After 9 up days for the Nasdaq, it is time for the market to rest and some correction. 9 up days in a row is very rare and my stats say there should be a 2 to 3% pullback. I sold DXO, URZ, EMC and ADRE. The solar companies held up really well today, so I am holding my position in ESLR with a tight stop.

My plan for the rest of the month is to look for better setups. If the market is sloppy for another day or two I might be tempted to try a short position here. The 9 day rally has changed the market mood back to speculation so unless some really bad economic news comes out this week, I think we will head higher after the market digests the huge gains of last week.