Raise Cash to 45%

Investor’s first readDaily edge before the open

DJIA:  16,897
S&P 500: 1,992
Wednesday:  Oct. 14, 2015   2:43 p.m.

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      There is enough of a chance that this correction will adversely impact stocks enough to justify defensive action until stability is restored. I am concerned that new negatives will appear to turn this correction into an ugly slide, one that puts the August 24 to October 12 base at risk.

       The Bull’s will now  hope for Fed comments about delaying a rate increase to turn the market back up. Market needs rise above DJIA 17,172 (S&P 500:2,022) to turn positive again.

       The current technical pattern is positive, but resistance is formidable and weakness beginning to suggest above average risk. The Bulls can come to the rescue with aggressive buying.  Their absence would be a major negative at this juncture.

       If risk turns out to be a false alarm, investors can move back in.

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George Brooks
Investor’s first read
A Game-On Analysis, LLC publication

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Investor’s first read, is a Game-On Analysis, LLC publication for which George Brooks is sole owner, manager and writer.  Neither Game-On Analysis, LLC, nor George  Brooks  is  registered as an investment advisor.  Ideas expressed herein are the opinions of the writer, are for informational purposes, and are not to serve as the sole basis for any investment decision. References to specific securities should not be construed  as particularized or as investment advice as recommendations that you or any investors purchase or sell these securities on their own account. Readers are expected to assume full responsibility for conducting their own research pursuant to investment in keeping with their tolerance for risk

 

 

 

 

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