Stocks started the day on a very high note, but ended lower on the day. The worst performing group was retailers. Since most of their material comes from China and China will unpeg their currency to the dollar, there is concern that their costs will increase. However, on a bright note, the volume today was lower than Friday so this doesn't count as a distribution day, but keep in mind that options expiration was Friday. The DOW did manage to close above the 200 dma also.
A quick word on $BIDU. It has consolidated and is firing on all cylinders. If we see a new high with some volume it is worth looking at.
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