What's even sadder (if that's a word) was that few of these talking heads could recommend buying stocks last week. They opted to run from their own shadow instead. With the SP500 having rallied 12% in the last 3 hours of trading, I guess it's ok for the clowns to run around tooting their perpetually bullish horns again!
Back to the proactive process... here are our SP500 lines to manage risk around (see chart). We got very long last week looking for a +14% squeeze, and we are now staring right at it. The next move is to make sales, not chase bozo the clown.
BUY "Trade" = 751
SELL "Trade" = 839
Let's relax and keep it real out there,