Online Stock Trading | Negativity continues…

Negativity continues…


Filed Under Market Commentary |

As of 12:30pm EST

Market continues its slide. Volume is running lighter than yesterday on the
NYSE and Nasdaq. Nasdaq is below its 200dma (2229.1682), is at 2225.72.
Adv/Decl are about even w/the edge going to the decliners. New Lows are
outpacing New Highes, on the NYSE 87 new lows to 38 new highs and on the Nasdaq
78 new lows to 58 new highs.

Again, to reiterate we should be building cash positions and any low volume
surge should give you an opportunity to sell any laggards and any stock that has
not shown any price stability, basically anything you hold that has not shot up
20% or more in the last month.

Cash is king at the moment. We need to let the market play itself up, we need
it to tell us should we go 100% cash, short, or go long! Until then, holding
onto STRONG stocks and selling anything week should be the goal in everyone’s
portfolio!

I’m still holding onto HOM/JSDA/PRFT

Last 5 posts in Market Commentary

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