More Distribution

Chalk up the fourth day of Distribution in the last four weeks for the S&P 500.

Sell-volume dominance suggests institutions are unloading.

As long as that’s in style we also want to be sellers.

Today we added Apple, Inc. (AAPL) to our shorts.

The fact the stock had record earnings and is receiving unbelievable hype over its latest gadget gives us reason to believe it’s hit a highpoint.

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