Market In Correction

With Friday's action, the major indices are well below their 200-day lines. More importantly, down days have been on higher volume, suggesting institutional selling. Now is the time to cut losses and stay on the sidelines until buyers come back.

What does this mean? The currect market trend points is down. Recent weeks have shown higher volume selling and a lack of buying. CANSLIM defines these are Distribution Days. This is a time to cut losses and be on the sidelines. Expect mini rallies from bottom fishers, but don't be fooled. No rally in the 50 year history has started without a "Confirmation Day", and IBD has a 70% track record of picking bottoms. Stay tuned. . .

Nice writeup on CYBS in today's New America. This is a play on the growing trend toward online shopping and fraud detection.

Keep an eye on the Electrical Equipment Industry. Currently 3 years into a 5-7 year buying cycle with surging demand from emerging and