Breadth mint anyone?

Is everybody watching Mister Softee (MSFT)? It certainly deserves its recent strength considering that it has done nothing since we can remember! When Mister Softee decides to move it skews the overall performance of the NASDAQ. But if you stand to close to the market you'll notice its hallitosis.

The Semi's and Small Caps are lagging and the market is definitely showing signs of weakness. You can just sense the desperation as the mutual funds, desperately seeking places to deploy their new found cash, pile into the most liquid name they can find. Where this stops, nobody knows but the signs are there. Subjectively we have decided to be early rather than late. This is the poison we've chosen, everyone has to pick.

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