Yesterday was an UGLY day in the stock market. However I can confirm that most of my clients are on the sidelines of the stock market. They have learned how to read the market and are simply trend following. They realize this market can do anything. They are positioned to be buyers once again….or simply stay on the sidelines.
The volume increased yesterday. Institutions were net sellers. Leading stocks fell below their perspective 50 day moving averages…there are death crosses now on all the major averages…Not a time to be long the stock market…
