Monday, April 5, 2010

Risk/Reward favors caution

No doubt the equity markets have been on a bullish run that appears (based on market internals) fragile. We continue to favor tighter trailing stops on longs and partial hedges on short positions.

Click here for the latest Market Tour:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2738712

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