James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors.Expand

DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former attorney and CPA. He lives in Anna Maria Island, Fla., and Conover, N.C., with his wife and three children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.Collapse

Good luck -- it can change from day to day.
Still, I'm taking a defensive posture and looking for further downside.
Buyers in this market have been so well trained to buy any and all dips. 
Bears need to learn from bulls on how to press their advantage.
This is a very good setup for some selling after the big run off the February lows.
The price action doesn't look all that bad, so why not catch some dips?
Their talents have not been put to use for far too long.
Market suffers from bad breadth as the bounce fizzles.
Quite a few stocks are struggling and could break lower.
There are few good setups so far this morning.

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