We did some selling today, based on the nasty reversal we had.
Earlier today, I wondered where I would take my profit on the CME. The answer is $291.57 a share. As the market started to drop we sold the CME to retain the vast majority of our profit.
We also sold part of our position in the NYSE (NYX) and Cell Therapeutics (CTIC). Both were sold at almost the same price we paid for them.
Investors Business Daily has reduced their ranking of the current rally as "being under pressure", which matches our opinion as well. There have been too many downside reversals on good news for us to feel comfortable.
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