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Market Rally Forces More Selling

Hi PCA Fans,

The market pushes higher into territory that we suspect cannot be sustained by historical standards.

The P/E on the S&P is over 140!

Unless we are in some new paradigm we have to see this market roll over soon and we will take some more sell orders here to free up cash for the next leg down.

Here are the sell orders for the model portfolio today.

Sell 12 SPY for 1,282.08

Sell  16 IWM for 978.40

Sell 8 DIA for 785.36

Sector Selling…

Sell 8 GDX for 391.28

Sell  13 XLE for 731.51

I will continue to take any sell orders that we get here and we’ll see what happens in the next few weeks. This market is going to be forced to make up its mind in the next few weeks.

To find out why, see our Sunday Night show at www.MarketToolbox.TV

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This entry was posted on Thursday, October 8th, 2009 at 3:39 pm and is filed under Main Content, Trading Index ETFs, Trading Sector ETFs, users. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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