I still remain short/sell on the overall market (NYSEARCA:SPY). This is based upon clear sell signals generated on 3/8/2013 from my primary oscillators (Bollinger band and RSI). MACD is currently breaking down again, thus supporting a decline.
I am still anticipating a correction of approximately 4% to 9%. My goal is to begin buying aggressively, especially SPY and IJH, between the Bollinger band low and 200 day moving average (for SPY), as a means of rebuilding my overall equity portfolio back to 25%-28%.
Yesterdays increase put me in the black for all of my positions purchased on 4/15/2013. I again have stop orders protecting my profits.