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Market broke upward on the daily charts, which is really leading the weeklies to a turn. Many indicators are also turning, however, these big up moves that turn indicators in-conjunction this late to the party, often spells whipsaw. I went to cash today, this morning in the index funds. Lost some money today due to today’s morning action trumping yesterday’s gain.

Its just a difficult time right here and I was positioned a little too heavy for the situation. I’ll limit it to 30% from here on out until the trend starts acting like the trend.

Although this is the spot that can be precarious it also the spot if you are short to stop out. At least it is for me.