Market Summary

Today was similar to yesterday in that the Dow and S&P made new highs but the NASDAQ continues to diverge from the rest of the market. Some of the weak NASDAQ stocks today were AAPL, RIMM, GOOG, BIDU.. I've been day trading them from the short side and buying stocks like brokers, retailers and transports/rails for quick day trades but my long term view of the market is still bearish on the NASDAQ and cautious on the Dow and S&P. I'm still holding a short position in the Q's and looking to add on the first sign of weakness.