Took cash off the table

With the market not acting in step with the indicators I follow, I decided to jump ship at S&P 2077 and go to cash (in my cash account). Not touching my IRA just yet.

The Fed made me do it

With the anticipation that the Fed would make a significant change to its guidance, I deployed 50% of sidelined cash this morning.

So where do we go

In looking at the charts from a long-term perspective and applying trendlines and fibonacci analyses, the market might gravitate toward 1940. Holding 1940 will keep the bull market intact. The 1940 level also represents a confluence of fib retracements -- a region where the market might fall back to. I'll be posting more often as I need to shake off my complacency and "play" the market more aggressively in hopes of profiting from what I believe to be good entry points that I've identified in the past.

Forced to Sell

With an intra-day break of 2064 (ATR4), I sold 75% of core positions which according to my allocation, still affords me an equity exposure of 50%. To belabor my mistakes, I ignored (again), my short-term indicator which gave me a warning on 3/3....the dangers of complacency.