Thursday, February 21, 2013

I have moved to all cash in all GWM accounts

The market is following through to the downside today. In order to preserve capital I have moved to all cash in all portfolios.  I can always get reinvested if things change. For now I prefer to remain safely on sidelines.


Nasdaq Composite Index Chart
Major Sell Signal

Sell signal generated yesterday.
(Red line = 5 bucket skip down)
Expect market turmoil

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