Back To Cash, Where the Market Goes From Here

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May 29, 2012

I’m back to cash. Where the market goes from here is anyone’s guess. At today’s close my signal is sufficed and profitable so I’m out. We’re up about 100 points from the Friday close (5-19-12). 100 points tends to be average move for this signal. From a technical standpoint the 21dema is still above on the COMPX and there is room to get there. I think the rest of the week there is still upside pressure to create a green candle similar to what it is like after today’s close by this Friday.

At the close of this Friday and everything stays the same, I’ll be going back short.