Good stock-picking is necessary to take advantage of the upside.
Mixed technicals are intact for another day.
The bearish trend continues.
It's a bad time to bet on trends.
The big players could be ready to protect their yearly gains.
Indices came off their highs and dumped the S&P 500 and Russell 2000 into the red.
But basing action in the last two weeks is helping.
Wait for low-risk entry points if sidelined and advantageous exit prices if positioned.
Bulls could get a wake-up call if new highs fail to reach big tech and small-caps.
Given recent volatility, it will take only a minor downswing to flip cycles to the sell side.