The NASDAQ Composite has slipped beneath a new, medium-term trendline I just drew. I think a modest bounce is at hand, and I’ll short into the strength, but meanwhile, I’ve reduced my positions from 100 to a mere 62, with a 66% commitment (the rest in cash). Some day-trades in precious metals helped augment profits, but I am presently long nothing, although I do think some sustained gains in precious metals could be at hand in the coming weeks.
