Reducing Stock Market Exposure $SPY $QQQ $TNA

Clearly the market uptrend is currently under pressure, with five distribution days on the S&P500 and four on the Nasdaq. I have reduced stock market exposure prior due to the double back to back distribution days. You never know how bad a stock market sell off can be… However yesterday we did see some strength coming off the lows. What we should focus on is those shares that were green yesterday as a pose to red. If the market turns around, these will be the leaders… When and if the major indices regain a potential support area you want to see them hold it. For now they aren’t   If you want to learn and improve your trading I offer one on one private mentoring.

Be Sociable, Share!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>