I was looking for aggressive positions last summer when market internals were oversold, easing those recommendations towards a cash conservative stance in mid-November. The flattening of the equity curve and the small losses taken in December and February represented this 'cash-friendly' portfolio - which also meant I missed out on the Santa-rally and New Year follow up. The flip side was no impact from last weeks sell off.
I'm watching currently watching internals for new oversold conditions and an opportunity to go more aggressive into stocks.
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