Monday, March 12, 2012

Sold Some Stocks Today!

imageI sold some stocks heading into the close today.  Rotated some into low beta, and am in cash with other.  My thought is that we are retesting the previous top as volume trails off.  Seeing negative divergences.  I’m wondering if the seasonal sell signal comes a bit early this year.

There is also a lot of bullishness.  I look at the increased attention to IPOs and biotech cheapies where folks are trying to play catch up and pick up quick cash.  We know how this ends, right?

I don’t think that this is the end of the bull market, but we are at the highs.  This would be near the logical spot if we are still in the secular bear market that began in 2000.

We are due for a pullback that at least creates a little bit of worry.  Maybe a spring/summer trading range into the Fall.  Or maybe we just keep going up to the moon!

Nobody knows for sure, right?

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