Time For Some Defense

Stocks are trading on the heavy side and I'm doing very little (other than taking some profits off the table). While the bulls may very well circle the wagons later on, I can't find a good risk/reward trade today so I'm stepping aside.

This afternoon my plan is to sift through some of the REITs that have been so dominate on the new high list. There have to be some short-sell opportunities in this very overbought and well-loved group. It should be a good time to start tracking stocks which have failed to participate in what has been a terrific rally.