Went To Cash, I’ll Regret It
I went to cash at the close. I waited on the FAZ, SRS sell signals too long and ended up essentially getting out at the bottom. SRS went back to a buy before the close. FAZ did not.
Like I said I tossed my index funds as the indexes were making bullish reversals that failed literally in the last 10 minutes. However, I made my trade with about 12 minutes to go and at that time the market looked like it would hold its upper range highs or make a move back there. So now I’m in cash and the market made a late day move that I think is bearish.
I will get back short tomorrow depending on how we open.
Ragin Cajun put up a nice list of biotech stocks that look poised for a pop. Biotech tends to run in the last inning of a market move up and typically around this time due to the ASCO conference.
Two not on his list that I own are CRIS and SPPI
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