Is the worst over?

Although we are oversold, the market is still lack of leaders. Any bounce should be sold into, more time is needed to build a sound bottom. Patience is the key, and cash is the king!

FFIV

FFIV reached the target and the position is closed.

Updated: JDSU

JDSU was stopped out.

JDSU

JDSU was breaking out last week, which has been added to my newsletter.

Update: SOL

The target was met yesterday and the position was closed.

Update: FIG

Stopped out today with nice profit.

Update: LULU

Stopped out today with nice profit.

Selloff

I am stopped out all my positions but TSL today. Cash is the king!

JASO

Same with JASO

TSL

TSL is another solar name I like.

SOL

Solar sector has been hot lately, SOL is one of them.

Update: LULU

LULU has held very well.

Update: FIG

FIG continues its nice uptrend.

UEC

UEC is breaking out, same sector with URRE.

URRE

URRE is breaking out.

SOHU

SOHU has been a big winner for my subscribers.

LULU

LULU is breaking out and I added it to the newsletter last week.

FIG

FIG has been performed very well lately.

How to take a defensive posture? Mark Minvervini gave us details:

1. Get off margin immediately
2. Raise at least 25-50% cash
3. If you choose to trade, take smaller than normal position sizes
4. Reduce overexposure in any one industry group and diversify more broadly
5. Reduce exposure to high beta stocks
6. Avoid laggard stocks (even if they look cheap)
7. Nail down profits when you have them (be less greedy)
8. Tighten up your stop-losses (be less forgiving)
9. Sell all stocks that break down in price (especially if they can’t rally)
10. Upgrade in quality and reduce exposure to low priced stocks

CCME is stopped out