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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.

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