Thursday, April 19, 2012
With most mid-term breadth indicators in sell signals, the market has been struggling to keep any gains over the past week. During these periods, the best of breakouts will punish any buyers with a promising surge one day only to give it all back the next.
Until we see a breadth thrust on the Stock Bee daily breadth indicator, cash seems like the safest place. If you are bold enough to take some swing positions, chose your entries carefully and honor your stops.