Leadership continues to behave well here despite the fact that the market indices look toppy here. We will likely get a pullback today but as long as it doesn't turn into a rout we see no reason why we shouldn't be focused on buying strong stocks here as opposed to looking to get short weak ones.
There is no need to over think this thing here. The market indices are scary looking but scans turn up lots of great looking charts and leadership stocks extended gains from last Thursday and Friday. And as long as stocks like CRM keep popping, we think we need to press the upside.