You may have noticed that I have not posted many buy recommendations lately.  Right now I think there is more downside risk than there is a risk of being left behind.

As I post 60% of all stocks are trading below both their 20 and 50 day moving averages.  Not a good sign.

I'm trimming deadwood --- anything trading 10% or more below their recent high and keeping my powder dry till after the market has a clear trend.

I suggest you do the same