R.C. Market Report 11.4

• Market Trend: Neutral

• We got a nice pop to start the market. The rally then experienced a sell off for about an hour but made it all back in a hurry to close it up nicely. However, I'm beginning to feel afraid of opening new long position. Everyone is talking about the market pricing in an Obama victory. So even if he wins, we may sell off on profit taking. If McCain wins, market may sell off due to build up of uncertainty. If the Democrats sweep, investors don't seem to want one party having full power. Lastly, an index like nasdaq has gone up for 6 straight days now. It's wouldn't be shocking to see it pull back a bit. With all of these reasons stacking up on the side of market pulling back, I'd be either: 1. Take profit and return to Cash 2. Hedge yourself or 3. Start to short the market if you are an aggressive trader. The bullish outlook for next few weeks still remains, but the very near term picture isn't as bright.