Market outlook

Market is stablizing but the key indicator are banks and tech - we need both. The NASAQ is approaching overbought levels but not of serious proportion. With my money, I will be adding to foregin stocks and shippers. This market in unpredictable but with earnings, I believe you do not want to be short, maybe a index short like TWM for a hedge but nothing major - if any, I have to due to amount of $$ i trade but otherwise just keep you a long only portfolio with some extra cash (30-50%) and buy the dips. Shippers - I believe we are getting a year end rally on the BDI. I will do the following now: Sell my HON for a 2% loss Buy GNK at $21.60 Buy TBSI at $8.93