.
The strong action yesterday (Monday), combined with the reversal and push upward later today was enough to cause the LCR Change timer (slow) to confirm a move to LONG (+1). I've not run today's numbers on the stock database but http://www.finviz.com/ indicates 3611 advancers and 2545 decliners, which means an up day for the LCR.
My contra ETFs hit their stops two days ago and were closed out with 1% TSLs yesterday.
This rally is quite mature, so I would be cautious at entry on any large number of equities. Nevertheless, you can't make money if you don't play, and I'm entering 25% positions as they clear the previous day's high.
Regards,
pgd
Tuesday, April 6, 2010
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