I'm staying in RD and possibly add to position this afternoon. Anticipating a quick pop before the weekend then I'll take a profit. MHO. Still like the way things 'feel' right now but getting weaker.
feel? I "feel" fiscal cliff appears more plausible by the day. Entitlements are off the table. Iranian situation coming to a head early next year. Oil $200+ per bbl. China wants their money, refuses to loan us any more. European recession deepens, as the Pope needs a bail out. Perfect financial storm is coming paving the way for one hell of an entry opportunity, or the end of money as we know it. Going back to cash before the end of the year, for what good it may return. That's what I feel. Buying Powerball Tickets. JMHO. GLTA!
Looks like the rally is running out of steam for RDSa - two days in a row of negative results. If tomorrow is also negative, I'm selling since the trend has turned downward again. If up tomorrow I'll stay in but closely watch. GLTA
I am staying put. Market internal still look good. Percentage of stock above 200 day m/a from November 14th was 37% and now 58%. It still look okay to me, VIX at 15. The only danger is, if their is going to be a good news on fiscal cliff, it could rally 2% or more. So far, the new housing sales has been up 7 consecutive months. You can take a chance that it may go back to 64 again. Best of luck.