Hi,
I am always going to be bullish since I have 15 years to retire but several months ago I started paying more attention to the markets in order to preserve gains and be defensive when the markets are trending down. Currently I am still 50S/50C, but this Friday's loss has me on my toes. These next two weeks or maybe till end of election has me scrambling on trying to find my comfort zone and signal if I should move to G or F in case of market down trend.
These are articles have me thinking when Friday's market went down after being sideways for Jul-Aug (see chart).
How Concerning Was Friday's Sell-Off?
What Happened To The Market Today? $SPY
What Happened To The Market Today?
The S&P 500 Is Headed For A Major Drop $SPY
The S&P 500 Is Headed For A Major Drop
This Stock Indicator Hasn't Been This High Since the Start of the Last Bear Market
Since downtrends usually come fast more than uptrends, I believe it's good to know an exit point to G just in case. Right now I am keeping an eye out on he trend.
We ended at 2,127, below article has some suggestions on the downtrend.
Daily State Of The Markets: Are The Bears Finally Ready? $SPY
http://www.seekingalpha.com/article/4004318
Hope this helps some of you in learning more or just being aware of your future.
Roman
Posted by: romansmr2@yahoo.com
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