Tuesday, June 15, 2010
Caution is advised - Tighten Stops and Let The Market Move you to Cash - Bearish
The markets erratic behavior continues and this is bad news for stocks. Right now the market is being driven purely by the movement of the Euro, which is a huge negative. Unless you're willing to day/swing trade this market, your best place is to be parked in cash. Otherwise watch your stock closely during the day and don't hesitate to punt if the Euro goes into another death slide.