Wall Of Worry Theme Playing On

The Wall of Worry theme is playing out week after week.  Look at the chart of the SPY, weekly time frame, and you can see that the possibility of continued higher action is not improbable.  The risk of a pullback remains very high since the 50 week moving average has not been visited even once in 2013.

Wall of Worry

 

A Time To Sow, And A Time To Reap…

Taking 10% of my stock and ETF holdings off today.

Uptrend intact, but do not want to risk it all over the weekend potential uncertainty that could impact the market Monday.  Additionally, we really are due for a pullback.

Took some off, or closed the following:

IWM

FB

HAS

STX

OHI

BP

DOW

INTC

BLX

JPM

LVS

EWG

MRK

TAN

FAS

RAI

PSX

BNS

NYCB

TNA

PG

SOXL

MSFT

BX

WMT

AMBA

OPEN

 

 

Weekend Sector ETF Review

I sure do wish the market would make it easy to start new positions by selling off in a big way, but alas, that is not happening.

We continue to observe the market climbing the proverbial wall of worry.  If you have stocks and ETFs that are performing, just let them work until the market actually does collapse, and stop worrying so much.

Some ETFs are at buy points.  Watch the video and see if you agree.