Are you buying or selling? We are selling..

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Markets pulled back today giving up most of the wonderful gains yesterday - a bull trap. We stated to take profits in the rally and hedge your positions. We are heading into earnings season and be ready for some nasty surprises from the tech sector for Q2 earnings, and energy sector earnings. Gold has been dropping and oil has been pushed down to a potential nuclear agreement with Iran and what this will do the current glut situation. Biotech stocks were getting clobbered today and we think this is profit taking in this sector by the mutual funds for end of quarter performance numbers. The biotech sector has been moving up in an exponential fashion and we are still short IBB. Be prepared - we are already in the sixth year of this bull market and expect a pullback and maybe a meaningful is coming. Check out our automated trading strategies on our site to see if your stock is on a buy/sell signal. We are long TWTR. and short SMH.

In addition, we are recommending selling AAPL. 

UPDATED:

Read this: Our theory of a top forming.


http://www.zerohedge.com/news/2015-03-31/april-anxiety-75-year-itch

Trucharts Team