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Market Stance: BEARISH (since February 2, 2018)
* An average of managed accounts, net after all commissions and fees.
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* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.
Today, Monday, February 12, 2018, I sold SPY, for both client and my personal accounts.
A little market weakness in the final minutes today was enough to send me scurrying for the exit.
I very seldom sell shares on the same day that I buy them, but that is exactly what I did today.
Happily, we made a small profit on this trade, but the bigger picture is that my indicators remain very negative, and, in my opinion, market risk remains very high. In my view, there is just too much risk that the market will resume its downward slide later this week ... maybe even tomorrow.
I like cash.
-KD, Monday, February 12, 2018
* Buy prices shown are net after commissions.
** Current prices are at least 20 minutes old.
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