February 28th - Closer Look

The market is in a very oversold condition , but it doesn't mean that it can't go lower.
Testing the NOV 2002 lows at 70 is possible or even lower.
If in some ways, the 74 zone hold , then we can call it a temporary bottom.
It doesn't mean that it will be the bottom of this bear market, calling a final bottom can be done a long time after the event .

February 28th - Stock Market Review

Current Portfolio - 100,972$
Open Position -

I am out from everything, sold the all portfolio with a lost of 1800$ , the market is very weak. The SPY is on the edge, close at 73.93. I won't take any rist and hold a position in the weekend with such a weak market. The market can open on monday with a big gap down. I will wait to see if the NOV 2008 lows hold, but after today it look realy ugly. If we are going to have some serios selling next week , it will be a tremendous buying opportunity . We are so oversold , that the MACD is twice oversold then NOV 2002 lows.