Tuesday, July 24, 2012

07/24/2012 timing note

I'm not big on short term timing, but I do note that the sectors that were hit the hardest by breadth and volume were the defensive sectors (healthcare, utilities, consumer staples).

A bounce or a stall is more likely than a melt-down here.  While I DO expect another scary low in the near future, I don't think it's happening right now.  This is not a time to do aggressive shorting or panic selling.

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