Strength in a few select areas is masking weakness in general today. Big cap tech (namely AAPL) and financial names are keeping prices close to even or slightly higher while the majority of the stocks sell down a bit. That usually signals a turn is coming but trying to time a trade lower with a one-sided trade is probably asking for trouble. If you are two-sided trading its a different matter.

Although my short term bias (couple weeks to three months) remains for a range trade with a downside bias, I'm not sure we can get much of a sell off of magnitude near term but more of a two steps forward and one back kind of move. I am leaning into strength with short sells and at the same time I am buying stocks I like on any weakness. I'm picking mostly at stocks that have already reported earnings so I have a decent measure of what they want to do as a result of having reported. Just back and forth here should be rewarding if we lean against the market a bit more when it gets tipped too far one way or the other. Right now it is tipped to far north.