A busy morning today as the market absorbs several economic reports. Clearly the reports were not enough to keep up all the recent buying enthusiam. We’ve now taken out the lows of the last 2 days on the major indices. So there are now a lot of trapped bulls out there. I’ve opened up a couple of more shorts (MCHP and MRVL). I’d like for the bulls to feel some more pain before I cover my shorts. Bring the pain!
