Steady as She Goes

Tonight, I wanted to update you on how our top 25% are positioned for tomorrow.



This chart shows some profit taking on the the F fund, and slightly increased cash and stock positions.



We can see the increases in cash and stocks in this chart as well.

It seems our best performers are not going to be shaken loose. Recent market activity has seen some large gains to start the trading day, only to see most of those gains evaporate by the close.

It's obviously a scare tactic. Our top 25% says so.

We shall see. The bulls still have the upper hand and staying long has certainly been the winning strategy. I am neutral myself, even though the Seven Sentinels remain on a sell. The underlying strength in this market gives me no reason to be bearish. At least not yet.

 

[Birchtree]

You've been very fortunate these last three trading sessions with the market only trending sideways so your sacrifice has been minimal. Let's see what the next four trading sessions might have in store for us. All the news was good today - not sure what the market is waiting for - perhaps a few more short hairs to sign up and then we continue to rocket up.

 

[Boghie]

Hey Coolhand,

I own almost 1/3rd of the F Fund in the Top Quintile

Then again, watching my current performance, maybe that ain't so good.

Oh well.

Too me, this market is starting to look a bit sick. Not sick enough to bail out - because I ain't that smart. But sick enough to take it easy for a while. Sick enough where I want to set myself up for moderate moves into or out of equities based on the health of the patient.

Hopefully the economy wasn't just on pain killers. Those little red pills are cheap, but they don't fix anything :nuts: