S&P500 stuck between the 200dma and support line at 1042. Failed again, today, to get above the 200dma. I still believe the bull market that began 3/09 is intact, but I won't be sure I'm right, till we get (and stay) above that moving average. It would also be reassuring, if the high volume days weren't all down days.
I loaded up in May, including buying on margin. In June, I've decided to sell a bit every time the SPX stalls at the 200dma. I'll start by selling my cyclical, volatile stocks (tech), and sell my dividend stocks last (drugs, oil). So, today I sold all my KLIC at 7.67, making a nice profit (bought last month at 7.50 and 6.50). Entered orders to buy back KLIC at 6.50 and 6.10.
SPX:
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