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Fear & Greed Trader
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INDEPENDENT Financial Advisor / Professional Investor- with over 30 years of navigating the Stock market's "fear and greed" cycles that challenge the average investor. Investment strategies that combine Theory, Practice and Experience to produce Portfolios focused on achieving positive... More
My company:
RTR LLC
My blog:
Stocks4Income.com
  • Caution Advisory 0 comments
    May 16, 2013 8:07 PM

    I saw a number of reversals today (5/16) on individual stocks and indices to warrant caution. My internal energy index is now indicating that a period of weakness is looming as it shows that we have used up a substantial amount of energy in this move. This is quite normal after new highs and a confirming Dow Theory signal.

    We could be rounding out an intermediate top here and a healthy pullback will serve to recharge the markets. Possibility that we could be ok thru the second quarter before we run into some headwinds around July. Err on the side of caution and do not let a winning position turn into a loser after this nice rally..

    Harvest profits in stocks that are stretched and overbought. Use upside calls to gain additional income on other positions.

    Stay tuned

    Themes: Caution, S P, DJIA
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