I took some profit when S&P was 11 points negative. I just do not trust this market, and this week. I decided to book a bit more. The rest on the same plan as before (stop above Thursday, May 7 High) for now. I may change my mind and stop sooner.
Bulls need to hang on above 900 and take back 912 on the cash index.
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago