SOMETHING STINKS IN SUBURBIA
I don't like it. The entire universe seems to be conspiring against me to create an uneasy feeling about the market that I can't exactly pinpoint. I just know that my spidey senses are beginning to tingle a bit more than they have at any point over the past several months.
Maybe it is because we need THRUST here and it is nonexistent? Perhaps it is because we revisited trajectory points in both the Dow and Nasdaq that should have been blasted through? Or is it due to the fact that we have seen this trajectory point on the Dow act as a rally killer so many times in the past?
Today should have ended up 140 points on the Dow. Instead we got half that, with the market acting like Pookie from New Jack City going into the close.
You know what else is of concern? The company. There is so much of it. I suddenly have an army of bulls behind surrounding me, looking to march into territory that was unspoiled and well-preserved. Now being a bull is like attending Burning Man. The popularity is spoiling the experience.
Icing on the cake time: My short-term trend indicator is, once again, on the verge of flipping. When I say on the verge that means a few more good down days and I will be 75% invested from the current 100% and fully hedged via TZA.
Luckily for me I have a this handy mechanical system that takes over the controls when I begin experiencing vertigo as I am now. I won't do anything rash or hasty due to these concerns I have. My job is to wait until the my indicators flip. Once that occurs, my exposure begins to be reduced in a very systematic manner. Losers exit first and all others follow close behind, if need be.
I've voiced my concerns for today. Hopefully tonight's sleep will allow my sudden onset of paranoia to float away.
