Another down day in the QQQ on Thursday could trigger a new QQQ short term down-trend. This is a good time for me to be mainly in cash and on the sidelines. In down markets it is much easier to see the winners. Only 9 stocks with good recent earnings came up in my new high scan: NFLX, LL, MANH, JAZZ, GMCR, ATRO, LGF, PFPT, DWA. It is not a good idea to buy new highs now, however. Few stocks in this market can make a series of new highs.