Market already pulling back

This will be an interesting test; the market is already pulling back off the highs. A poor performance today would really be bearish. So let's see if it pulls back, shake some people, and then returns back to earlier levels or if we are truly in an environment where the only buying is short covering.

Will be a telling day.

Sold down some names into this strength simply to raise cash - either parts of very large positions that the fund is 'flat' on, or some of the positions bought yesterday during the downturn. Overall, I really like the names in the portfolio so it's just a matter of having some cash on hand in case the market turns for the worse and I can buy cheaper.

Will sit back and watch for most of the rest of the day.