You may have noticed that I have not posted many buy recommendations lately. Right now I think there is more downside risk than there is a risk of being left behind.
As I post 60% of all stocks are trading below both their 20 and 50 day moving averages. Not a good sign.
I'm trimming deadwood --- anything trading 10% or more below their recent high and keeping my powder dry till after the market has a clear trend.
I suggest you do the same
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