WHAT I WOULD DO WITH LONG TERM FUNDS: Nothing has changed since last week. Half of my account would be on the sidelines and the other 50% remains in. I would exit 100% into cash when the intermediate term trend flips down. Have a great weekend!
Saturday, April 6, 2013
SIT AND WAIT
THE TRENDS: Both the long term and intermediate term trends remain up. However, this week closed lower than the previous week and lower than where the market opened on Monday. On a short term basis, this is bearish. However, there has not yet been a weekly close below the 10 period moving average (blue line). Until this happens (along with some other factors) the intermediate term trend remains up.
WHAT I WOULD DO WITH LONG TERM FUNDS: Nothing has changed since last week. Half of my account would be on the sidelines and the other 50% remains in. I would exit 100% into cash when the intermediate term trend flips down. Have a great weekend!
WHAT I WOULD DO WITH LONG TERM FUNDS: Nothing has changed since last week. Half of my account would be on the sidelines and the other 50% remains in. I would exit 100% into cash when the intermediate term trend flips down. Have a great weekend!
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