April 11 update - Regarding Nasdaq - I'd say a loss of 2% or more with volume above 2 billion shares would be very significant. While the Nasdaq did not log any of those numbers, the average volume in March was rather low and the volume traded yesterday was significant compared to the average shares traded in March. And given the indices have only topped a 1% loss or greater 2/3 times this bull market, I'd would say yesterday was enough to be bearish near term.
My guess is that we're at the beginning stage of a mild/small correction. I really don't expect this to last more than 4 weeks. But the market will have the last say regarding this matter and I will simply follow the current trend. My recommendation is still cash or inverse etfs until the market proves otherwise. Good luck to you all.
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