Sell Stop:(MPWR)

The bad news is that I stopped out on (MPWR) today, one day after I bought it.

The good news is that I correctly assessed the market, so my loss was minimal 3% on a small entry position.

There's not much more that needs to be said - the NYSE indices logged another distribution day today and leaders are breaking out and breaking down with regularity.

The market is doing it's best imitation of the Amityville Horror: 'Get out... get out...' I'm leaving (THOR) in place with a tight stop and will certainly not make any new buys.

-Geoff