lowtrade

[lowtrade]

An ouch day for me. Hold 8 stocks and all red. Bought 2 green watch stocks in different sectors. I've been watching the market continuation since the new year and starting to have concern. The sentiment is slipping and now I'm seeing the phycology of trading also slipping.

Keep an eye on the $S&P volumes as profit taking becomes visibly larger. The past week the support indicators show consolidation with price increase. That's not logical. And indicates profit taking.

Think taking profits may be a good move. Not seeing a correction. But decline and direction reversal looking reasonable. If so; may be weeks or months before we see new highs challenged again.

5 gaps below @ $SPX, could see 3% walk down to $SPX 3170 gap fill.

IMO time to re-evaluate ones holdings. runners may stop running and new sectors may come alive.

Conglomerates, Tech, & consumers goods may start trailing Services, healthcare and utilities

Meaning; I have some work to do! Just a shout out of my thinking.