VIDEO: Too Much Distribution
- Posted by Joe Fahmy
- on October 19th, 2012
In the following video, I point out the heavy selling we’ve seen in 7 of the last 19 trading days. I currently remain in 100% cash (actually, a few small short positions) and have no interest in going long this market. Unless you have a very short time frame and the discipline to stick to your stops, you’re better off being defensive, raising some cash, and trading less until we see healthier conditions. Thanks for watching and good luck! (Please expand the video to see the charts better).
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Tickers: AAPL, AMZN, CMG, GOOG, MarketSmith, PCLN, QQQ, SPY, Stock Market Video
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Joseph Fahmy is the managing director at Zor Capital, LLC, a New York based investment management firm. Joe has over 17 years of trading experience...More » -
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