MARKET ANALYSIS: The Nasdaq, DJIA, and SP500 are barely trading above their 50 day moving averages and well below there 200 day moving averages.
SECTOR ANALYSIS: Sector leadership remains lacking. The "school" stocks: STRA, APOL, LOPE, ESI, COCO, and CECO tried to make a case for leadership yesterday. That remains to be seen.
STOCK ANALYSIS: The safest position is, therefore, to remain on the sidelines, in cash while you patiently build your watch list of strong stocks for the next market rally. I am watching APOL, TBV, LOPE, LZR, DL.
POSITION: CSKI (makes up less than 20% of portfolio)