[isatrader]

I'm feeling a little 'nervous' at the moment, I've stopped four items over the past week, Mucklow (MKLW.L), Amazon (AMZN), Kier (KIE.L) and Lloyds (LLOY.L). This is a record for me. I admit I have over diversified so I'm running quite a few shares / funds so I should expect a fair number of things to happen. However, this still seems like a large number to stop out in a week.

There has been a notable deterioration this week especially in the small caps and momentum stocks, which moved first and it's gradually bled over to the broader market with the short term NYSE and S&P 500 Percentage of Stocks above their 50 day Moving Averages moving to Bear Confirmed status on Wednesday. So we are seeing further signs of the early Stage 3 in the US market imo, although only the shorter term breadth indicators are bearish at the moment, and so increased volatility looks likely with sharp moves in both directions. So it's definitely a time to start reviewing your portfolio imo, and determine what stage your holdings are in, tighten stops, and at least start to think about defensive strategy. As the amount margin people have been trading on after such a long rally could mean things get ugly fast if there is a major breakdown across the board in the near future. So have a plan, and follow that plan, as you have to play defense when the market gets the ball.