
The NASDAQ suffered its second largest loss of the year today and once again there was heavy volume distribution. That marks 6 of the last 11 sessions.
I feel like I am beating a dead horse, but the caution flags were waiving throughout April to take a defensive stance, raise stops, get into cash, and join the sidelines. I can only imagine the psychological warfare of, "the market will bottom soon, we will bounce back" throughout May. We've all been there, and it sucks.





