Late Closing Post
The stock market flopped around like a "poor" fish out of water today. Volume was light and the breadth was ok. The transports continued to act well in the face of rising oil. Overall the market action can be classified as MEANINGLESS.
We sold some of our positions into strength , and even shorted a little QQQQ's as the Nasdaq approached 2140. We are now net long aprox: 40% and plan on further reducing our exposure.
The trend is still down until it is not , and we are willing to be patient. The decline that we are expecting will most likely be unpleasant , but not terrible. However , we encourage traders to reduce exposure if they have not already . It is not too late.
If You Held a Taser to Our Head: We would short more QQQQ and possibly IWM into any strength. Remember, if you are not panicking in this stock market decline, neither is any one else......YET.
Have a good night. ___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________
We sold some of our positions into strength , and even shorted a little QQQQ's as the Nasdaq approached 2140. We are now net long aprox: 40% and plan on further reducing our exposure.
The trend is still down until it is not , and we are willing to be patient. The decline that we are expecting will most likely be unpleasant , but not terrible. However , we encourage traders to reduce exposure if they have not already . It is not too late.
If You Held a Taser to Our Head: We would short more QQQQ and possibly IWM into any strength. Remember, if you are not panicking in this stock market decline, neither is any one else......YET.
Have a good night. ___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (âKTBâ) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (âKCAPâ) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firmâs principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________
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posted by Kleiner Capital Management, LLC. | 6:57 PM
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