June 13, 2011


Short-term: 1 green, 2 yellow, 1 red
Intermediate-term: 4 red

Short-term, the market may bounce a bit and try to bottom a bit in here. However, this is probably best viewed as an opportunity to take profits on longer term positions. There will be profit taking pressure on equities from now into Sept/Oct as we pass the 1 yr point for the QE2 goose. Any next leg or rally will also, almost certainly, be led by s different group of equities than the last one as well. So taking profits and raising cash will allow for taking advantage of new rotational opportunities.


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