Market has not been acting well. It is extremely tough environment to trade in . Unless you are in it for very short term trades and earnings trade, most things are not working.
We are possibly heading in to trouble. The Episodic Pivots on bearish side are fast rising today with several stocks falling more than 8%. As of now there are around 90 EP's on bearish side.
The stocks up 25% in month ratio is about to turn. This does not look good. Often it signals downturn. Stocks down 50% plus in month is rising.
The action does not feel and look good. So better to protect capital and fight this battle another day.