We have three views on stocks and markets here at Research Edge: Bearish, Bullish, and Not Enough of one or the other. I have been buying and covering stocks since 11:08AM today, and have moved from an 84% portfolio position in cash to 76%.
Three simple reasons:
1. The weekly Bullish to Bearish Institutional survey has finally moved to the decidedly Bearish side
2. The Volatility Index has hit my immediate target level of 35.11 today
3. Volume and Breadth are capitulating intraday on the negative side
Buy Low. Sell High.
KM
(picture: http://www.freakingnews.com/Teddy-Bear-Pictures--1666.asp)
Three simple reasons:
1. The weekly Bullish to Bearish Institutional survey has finally moved to the decidedly Bearish side
2. The Volatility Index has hit my immediate target level of 35.11 today
3. Volume and Breadth are capitulating intraday on the negative side
Buy Low. Sell High.
KM
(picture: http://www.freakingnews.com/Teddy-Bear-Pictures--1666.asp)
