Another good up day, with a high ratio of advancers to decliners (link). The stocks that are down seem to have news. I place a buy order for IWM Rusell 2000 ETF but get cold feet and cancel it. GM General Motors up ten days in a row (chart). The cliche is that when the last bull buys in, a corrective decline will set in.
I am uncomfortable with a high percentage in cash, and yet am having trouble finding decent entry points and pulling the trigger. Better to be patient and wait for low risk opportunities, than to trade for the sake of trading.
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