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It was not my intent to post anything this evening as we enjoyed the company of our friends Ben, Sandy, her boy Jed, Dennis, Jerene, their daughter Lauren and her beau Alec, and it has taken 22 minutes just to type that with my left hand.
However, I felt it my responsibility to point out that we have had six bad days in the market. Even though volume is weak, the change in consumer sentiment and less than glorious retail numbers, on top of the confusing messages out of DC, has dulled the rally started on November 25th.
We are officially changing to a yellow flag, warning all of of a possible trend change downward. This means you should tighten your protective stops.
Be very careful of taking any new positions.
If you are playing options, be cautious selling puts or buying calls. Consider waiting till we see a return of a green flag or the posting of a red flag. (My money is on the red Flag as early as tomorrow.)
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Since 12/27/2012
