January Market Tops to Continue...?

Lot’s of great looking all time highs so it is tough to be bearish. I have been selling down some big winners to finally get off margin and nibbling on a few all-time highs – healthcare mainly.

I still think that China blew a top and that when the Olympics roll into Beijing we will be much lower in the FXI. I will let you know when I am ready to eat my words. It could happen at anytime. I am not short anything China and long Baidu, so I hope we just keep chugging.

I just doubt it.

I was looking through some financial blogs and saw this great post about the past six year (short-term) Nasdaq market tops for January. That is a significant trend to me. One worth noting for you traders. Thanks Kevin.