Cramer Says Sell Stocks

Happy DOW 10k.  The Nasdaq has now bled over 30% from last October.  I was even clenching my teeth today, and I only just nibbled a few longs.  If you’re not scared sometimes, you’re probably not in the right trade, or not holding enough size.

Finally, the CBOE posted intraday equity p/c volume ratios that hit 1.2 at one point.  The total p/c was right up there too.  A high of 1.53.  Equity p/c would not bust higher than 1.0 last week.  A 1.3 equity p/c with a 1.6 total p/c ratio usually indicates the puking and panic of a bottom is near, based on my memory of past capitulations.  That’s one more sentiment indicator to join the VIX and bull/bear ratio on the Bulls’ side.  Could this be another?  Jim Cramer:  Time To Get Out of Stocks

I wish I’d started my 20 day test this week.  There again, I’m usually early.

SPX and the Naz both bounced near, or at their respective 200 moving averages on the monthly charts.  Plenty of damage done.  I took some UWM, UYG, and USD overnight from buys today.