The December Mini S&P Index is unchanged at 1037.50 this morning as I write. The stock market continues to be resilient and well bought into on any price breaks. Stay with the uptrend in stocks or stay out. Do not try to sell short this market until we get the proper sell signals. I have seen markets like these over the years, and this market can continue to gradually rise for weeks and weeks with small corrections well bought in to. Shorting this market right now is the equivalent to beating yourself over the head with a fish whacker as you will continually get stopped out on the way up or worse still, you will accumulate a large loss over time as prices go up. I say, either stay with the trend or stay out until the proper sell signals are given. Not yet.

Sep. 14, 2009
David Hall