Thursday, August 20, 2015

I am in Cash

I don't think we are at the start of a total market reversal or long term bear market but you cannot ignore that when the market closed today 63.54% off all the stocks were trading below their 200 day moving averages.

That tells me there is more downside potential than upside potential.

I don't mind sitting the next few dances out until I see 50% of the stocks trading above their 20 and 50 day moving averages again.

Better to be cautious than broke.

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