While the major averages didn't follow thru from Fridays big move, the indices did have positive breadth and held their ground. Once again the action was very mixed with some pockets of strength but some weakness in areas like semiconductors.  The Nasdaqs technical health raises concern as it remains below the 50 day moving average but has good support in the 2250 range. Overall it was not too impressive but we were pleased to see some of our Sharkfolio holdings perform particularly well. Nonetheless many participants are having severe trust issues with this market and we aren't gaining traction. 

We continue to remain flexible in this market environment, meaning we aren't going to subscribe to a grand thesis either way. While we still feel strongly that a big move higher may be in the cards, we are focused more on our P&L watching only what is in front of us and making decisions on a per stock basis.

Were looking very closely at many new names and anticipate becoming much more active in the Sharkfolio in the coming weeks. In a market such as this it can pay-off nicely to shake up your portfolio a bit as new trends and leadership emerge.

Its important for subscribers to remember that making up losses is a slow grind and swinging for the fences to get back to highs is down right foolish. Focus on your position sheets, continuously revise your watch list, and keep plugging away day after day. Before you know it you'll be seeing new highs again.

Have a good evening.

RevShark