…when you see the long term chart of the Nasdaq you’ll see what I mean. I’m in cash at this point after selling both stocks during the first 10-15 minutes of trading. I’m not expecting the markets to crash or anything, but I would be very careful about putting new money in the markets right now. Today’s move higher has a “sucker’s rally” characteristic about it.

One other chart I wanted to point out is that the TSX failed to register a new high today. That is not a good sign for the short term move higher in Canadian stocks.