Sunday, May 20, 2007

This Week with StockPunk

Remarkably, my screens have remained pretty much the same for this week. I'm 75% in cash now thanks to my liberal (and destructive) use of stops last week. My plan for this week is to dip my toes in slowly.

Large caps are still pushing higher while the small caps are struggling. Whenever my screens get beat by the DOW I get a little defensive. I would really like to avoid any sort of nasty correction, but I am getting tired of missing out on a rally that won't quit.

So my plan for this week is to build in some stops to catch any dramatic gains (over 5%). If things tank or meander aimlessly, I'll be positioned to avoid my emotional distractions.

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