No replies to this topic

[Cirrus]

Selling big-time today. I'm selling almost all of my longs (especially small and mid-caps). Moving to mostly cash and playing just ETFs and very large caps for any long-side action. This market has been led by about 25 stocks...especially since Feb 6ish. Until I see market internals really kick in for the bulls I'm getting out...I can always trade ETFs. I'm also looking for shorts now if the chart and relative strength (weakening) vs SP500 look good. It's still a bull market by all my measures but that doesn't mean I can't get conservative here and most of all flexible. I reserve the right to change my view with the evidence, but I think a bear market starts between now and Jul and possibly sooner rather than later. The average stocks is performing miserably and this market is about as deep as a puddle.