FinancialAdvisor's College Class (FACC)

[ilovedastock]

<I just stay in cash when I don't like the direction of the markets.>

Me too. That's called risk management 101, and that's why I am happily in the money market fund at this time. "Cash IS a position". I may be a buyer on the dips in this market from time to time for a scalp, but I see lots of upside resistance to any sustained move. Even though there have been a few incrementally higher volume days lately, overall, there has been no upside volume to match the distribution volume on the massive down days we have seen since the 1st of the year. IMO, right now the "smart money" is leading lots of "dumb money" into a significant bull trap. I could be persuaded to change my mind IF upside volume were to increase significantly.