Today marked a change in character for the market, with the Naz easily falling below the 50dma on higher volume and the S&P500 finding support at the 50dma. Both finished at the low prices of the day, just like they did yesterday.
IBD cuts recommended exposure to 40%-50% at the end of the day.
I believe they will call an end to the Power Trend as the market went below the 50dma decisively. However, CMG, NOW and IBM popped on earning after hours, so maybe traders get happier and give us a lift tomorrow. I am setting my expectations for more declines and recommend everyone look at the correction back in April (see the Market Health Thread).
Today I sold most of my IBD NVDA holdings (except some of my oldest from Nov 2023). I also sold ORCL, CCL, AMZN. I should have sold my new GE, but since it did so well after earnings, I am HOPING it is the most likely to bounce a little tomorrow. I heard hope was the best strategy or something like that 
As I noted the other day, I was taking my exposure above the recommended level and I might have to pay for it, and pay for it I did. At least the new buys were not full positions and SPOT was up today
Hi Ho.