The market is back in bear mode, less than a week after the recent bear alert was lifted. The NASDAQ Bullish Percent Index put in a red candle last week, marking a quick return to bearish sentiment. Tier 1 Steady MV is selling some of its weaker stocks, and will continue to sell its stocks as they show any signs of weakness. SCMV Weekly is selling its only holding, so it is now 100% cash. And Wave Rider never did buy any stocks last week, so it also remains 100% cash.
The Trade 4 Cash volatility systems continue trading, and Trade 4 Cash has several new buys this morning. The system also has a sell to report. SGN hit its profit target at the end of the day Friday, and closed at a nice 12% gain.
Trade 4 Cash II also has two 12%+ sells to report. SIF and BITI were sold Friday, as they also hit their profit targets. Trade 4 Cash II has two new buys today, and remains full at 10 holdings.
Trade 4 Cash High-R has no new trades to report.
Futures are weak this morning, and overseas markets are having a rough day so far. It might be time to take a step back from the markets and enjoy the peace and love of the holiday season. Have a good Monday.
