I don't want to alarm anyone, but the market may be in trouble.  Why?  First, Friday was kind of ugly, with the market gapping up at the open, then selling off all day.  Second, as I look back at my long picks from last week, results were definitely mixed.  Finally, I'm starting to see more and more shorts lately.

All of this isn't exactly the kind of action you see in a bull market, and while I don't think we'll go right back to Dow 8000, but it is a reason to tighten up those long stops....

As for last week, a mixed bag: Winners were IDCC, NVR, TEN, ATI, and BOLT.  Losers were ICUI, PCP, ISRG and LZ.  Everything else was pretty much unchanged: SXT, CYT, DDRX, HWKN, VRUS, CLW, TRV, ALXN and ACF.