Wednesday, April 29, 2015

Back to 66 Percent Cash, 4-29 Close

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No graphics here - moving the family this week and it's a bit of work.  This will be short.

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With the close of markets on 4-29, the GGT timer system is indicating a move back to 66% cash target.

The short-term and medium-term timers are in CASH.

The long-term timer is LONG, so as of now, the long-term timer is intact.

This is a rudderless market -- we've not made any real progress in either direction in a couple of weeks.  We are at 51% Long-rated stocks in the database -- we need to drop to 43 to have any comfort about going long with abandon.  See my warnings about Percent Longs from earlier posts.

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Strategy:

Same as usual when we hit this state.  Cash target is 66% -- I'll get there by selling the weakest positions first.

Sell-side money management is to place a 1% trailing stop loss, good til canceled, to execute after 9:45 a.m. ET.   Let it go until either the stock breaks out OR we get a master timer reset where the short-term timer moves higher.

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Standard disclaimers apply.

Regards,

pgd