holding HOTT and GIS
Looks like the market is ready to head south. Time to clean out longs.

we passed our target for LMDIA today. The stock has shown some really great strength, and just broke out of a bullish symetrical triangle, a continuation pattern. Moving stop up to $23, our orginal target.

closed out entire position. I’ll send out full values tomorrow morning

After a spectacular rally from the lows seen last month, the S&P appears to be running into overhead resistance.
Is this the pause that refreshes, or is this the pause that reverses the market back towards the lows?
I have said for some time that I was not that confident that this rally would continue as our long-term “Trade Triangle” remained in a negative mode. In my new video I outline the key areas that I believe will shape this market in the coming weeks and months.
The video features our “Trade Triangle” …

Over the past 2 years, i’ve been posting S&P 500 forecasts anytime there is a major change in direction coming.
I’ve noticed since mid 2008, I get about 3 times more traffic on down days for the search term S&P 500 forecast.
Today, on a minimal down day, I have already received about 3 times normal traffic for S&P 500 forecast than a normal day. I would venture to say this indicates what’s really going on in the market better than any indicator, or market pundit you could ever follow