The general stock market indexes have had a great rally in the first month of 2013, however most of the former and current leaders have been failing to break out to new high prices recently. The market itself has been rolling over into a price range over the past week. When the market starts rewarding shorting when stocks approach new highs, buying junk off the bottom, and cutting winners short and letting losers run because they will come back it is time to get cautious, trade less, take some time off, and look for some short plays. Of course that is just my opinion about what I am seeing. Trade your own plan, manage your own risk.
KORS fails to break out and is rejected at $60.
TRIP fails to break out
Apple fails to over take the 5 day ema.
