Without the Nasdaqleading the way here, the market is struggling. We are seeing very little from other sectors to make up for the pullback in some recent winners. Let's take a look at what's hot and what's not:
The ultra-short plays are not working as well as I had estimated earlier, and may be a trade that ends fairly flat. I still remain fairly neutral on the market at this point. With Wall Street doing a lot of the heavy lifting with non-stop upgrades, it may make sense to lock in some of the recent wins from recent long positions. To take the emotion out of it, simply put your stops in place and lift them as long positions rally. If they pull back on any big selloffs, you will be out of the stock with no questions asked. Keeping emotion out of trading is a good thing! Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system.