Ok, we have a bad ass bearish engulfment bar on the SPY daily chart (see below). Is this the turning point or is it only a small correction for the infinite bull?
I am not going to hang round with a loaded portfolio to find out.
I sold all my uranium based stocks to lock in profit.
I sold BAS to cut my losses; but I’m holding GLOG.
I’m still holding my Biotech AMRN & EXEL since their potential run is worth the risk I assigned.
Bought a small starter position on TZA. Yes, I’m prepared for the market to gap up against me.
Almost forgot, I took profit on half of my AAPL put option and is holding the other half for tomorrow. I may end up giving my profit back tomorrow due to AAPL strong supporter base. But I like to give it one more day.
Currently 70% cash.
Good luck to all (long or short).
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