Many of our "speculative" picks this week are starting to head south and are at or close to the 50 day MA. We are using that as support and exiting just a scoosh below. When the market starts to turn down from overbought levels there is NO REASON to stay invested in risky investments. The MBI and SRS helped us out greatly this week and we will be on the lookout for a turnaround.
Something about Mondays during late September and October makes us get a little weeezy.
Trade well,
Trader D
No comments:
Post a Comment