http://www.stockrake.com

The bears are screaming louder now than ever. Despite the fact that they have been wrong for over 6 months. There is no sell signal yet. Not from what I see. I’d rather play a slide once a slide is happening rather than continue to pick tops.

The thing that I am seeing that gives a shred of legitimacy to any bearish case starting today are these charts:

There are many more charts that look like this. EXPECT A DOWN WEEK. DON’T EXPECT ARMAGEDDON.

With the information from my own signals I took the index longs off today at the close taking roughly 3% since the Thursday morning buy point.

Position update:
My small/micro portfolio set of stocks: INSM, PXLW, NENG, SCLN, FSII, TSEM, ASTC

UCO, REA, HL, DGP, ERX, AMAT calls, bot CX calls, bot HAL calls, and bot VTG.
Changes: Sold GEX.

For other accounts I sold: UCO, and bot DPTR, and bot ZLC.
and own REA, DBE, DGP.

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