IBD placed the market in correction yesterday. The MarketSchool exposure model also went to cash. Unfortunately in recent history when IBD goes to correction it has been a reliable signal to start back into the market. One of these days we will see a real correction and I have no idea when.

If and when I see leading stocks act well I may venture back in. I have a neutral posture, I own CMG long and I have CTRX short.

My method for testing whether leading stocks are behaving well will be to monitor the Volume Alert Trigger list for stocks that achieve a trigger alert and then advance in price.

The following link will take you to an IBD National Meetup Webinar by Lee Tanner. Lee is an IBD Meetup Leader in Northern California. He was also my mentor when I started investing. The Webinar is about an hour long and is on the topic of sell signals.

http://ibdtv.investors.com/national-...july-2014.aspx