C,CFG,COLB,KEY,PRGS,RITM,SNV,STT, UHS
Today was a short-term tactical sell call as we are near 5700 which I happen to think is where the top in the market is so I actively increased my cash position (Now at 56% in my real portfolio was 3% less than a month ago), if the market gaps open on Monday I might sell a little more. This market has been waaaaaaaaaaaaaay too hot, hence I decided with 9 consecutive days up on the 500 index that next week might not be pleasant and I want a large cash position, to tactically add back in as it comes back down, the trader in me can't help but get tactically bearish to something that hasn't happened in I think over two decades I heard. These sell really have nothing to do with the underlying companies, but just simply wanted for the most part to take some profits on the huge rally in my opinion. I'm not expecting to go back to the lows even if deals get worked out, but there has been damage most likely to the economy here and this market valuation as a whole isn't cheap and I simply think we are at the high end of the range and in the coming weeks or months could drop into the low 5,000's at some point. hence the rush to cash here if you think for right now 5700 or so is gonna be the top. All is just my opinion, and I could always be wrong though.