Duane,
Actually, when I get spooked and sell I usually do far better going forward than if I had just held on. Going back somewhat to a cash position refreshes my viewpoint.
I'm glad I held the brokers! and I continue to take a solid position in the oil sector. I think semis should rest, but who knows if they will. I'll share some thoughts on the semis later.
And, it's good to see the Dow recover a lot!....... that picture has been very serious. It still hasn't gotten back above its 200day ma, and that pullback up to it is typically thought to be the last chance to get out before further declines are likely..........not that this will be the case for the Dow, necessarily, but I would feel a lot more positive if that moving average were not already declining. Still, the index will do well to hold ~10400. That will be a very important support level to watch, imho, although they can easily use ~10200 to 'scare them again'.
One thing I watch like a hawk is the chart of my Magellan fund. I'll know that we have something to worry about should that one ever crack, but it has just made a new all-time high. GM, another old bellweather, is also doing fine........and has been right along
........although now there is some bearish divergence to consider.
Just my thoughts, fwiw.
E |
