Mike
10-08-2012, 05:39 PM
Today the NASDAQ closed more than the 0.2% porosity threshold below the 21-day ema giving us an S5 market sell signal. The exposure count is still fully invested at +6 now. We have 5 distribution days on the NYSE Composite and S&P500 and 3 on the NASDAQ. So far the market refuses to really correct, probably because FED liquidity injections. APPL however went down on serious volume. There is support below around 620, if this doesn't hold I expect AAPL to visit the 200-day. The rest of the leaders seem to be treading water. My portfolio is 100% invested but the value hasnt changed much in a couple of weeks, in this environment it is difficult to develop much enthusium.