No Answers Yet

Last week I shared some thoughts about the market and unfortunately, nothing has been answered yet…

Market could still be flagging, to break higher, or maybe lower (today feels like institutions selling into this new retail buying)

LinkedIn in a bullish weekly flag waiting to pounce higher, and perhaps be the Apple of 2013 but we won’t know that until much time has passed…

Gold seems to have showed its hand, heading lower – telling us that big money fears are down, and inflation expectations are lower (hard to imagine $1T/yr of monetary stimulus inflation not making its way into the rest of the economy – still stuck in the financial markets as usual)

What I’m doing (simply what I’m doing, not a recommendation to you) is trimming positions that will follow general indices closely) – though one ¬†does not want to be completely out of stocks unless a true direction change has occurred, and since the market is still moving up (weakly though), we don’t want to let opinions get in the way of facts either.