What's safe out there?  Cash!   What's not safe out there?  Everything Else!     This is one big whoopass shakedown, breakdown today.   It started with Chinese market getting rocked overnight and spilled over to Europe and now here in North America.     We have long suspected a big move is due and unfortunately it's a down move.  

Don't be fooled by all of the recent strong eps plays. In this sort of market, nothing is really safe.    Human emotion always works in an unpredictable way and it is in our opinion best not to predict, but to react.    Market was down big time today and that's the way it is.   At this point, there's no point even thinking about playing a bounce because you are more than likely being setup to be "sold into" by others.    What we will do at DJIM here is to basically forget about what was working before and start a fresh list of stocks.     In a few days, we should be able to tell which stocks that are going to be standing still and which ones will be faded away.   Perhaps, there might be a new crop of stocks that rise up to get our attention during this major pullback.   For now, we hide in our bunker to watch the fireworks.

Bottom line, protect the capital and don't be a hero!...

If anything today put into perspective of what DJIM is and tries to be.  Of course,  some of you are just riding the next DJIM gainer and not paying as much attention to our Journal as you should.  Tonight, maybe a little homework time and see what you used your speed reading skills on.   Nobody imagined a 1 day scenario like this, but the prospect of a big move up or down has been repeated here over and over again.  Yesterdays market alert...all the recent Journals in cutting them laggards, dwindling positions..little buying were enough of a hint on where we stood.     We admitted last night the gains in solars are not shown in our accounts because of the stance we took..sure we missed a lot of the gains but not being heavily in these or holding them overnight provided good sleep and today the residual of holding and playing these speculative plays hit hard.    Yet, again we sleep tonight with no possible nightmares from what we saw today in this sector.   How many times have you seen us issue an alert in the past 8 months or get so negative on the market that we let you know our feelings...once..twice maybe..Journal or Alert.... Add it to the recent stance we've taken here and it adds up to 'don't hold much'!.   If that's not enough...Women, Children first!...then your book of stocks this morning.   No wait the other way around it will be!.  We can't give a bigger clue to what we see and feel.   We can't be your financial advisors but what can do is give our feelings and what we are doing the past while.  What you do with that and how you decipher the given is strictly up to you.   You must understand.. We can't say buy, we can't say sell one equity or the market.   This is not our gig.    If you have gained trust over the years or have made money on earning stocks with us in 06-07, maybe you came out with nothing more then a bruise because you have taken our lead recently.  So......the point of DJIM is to capitalize on the plays we bring , but is also to preserve capital so there is plenty to go after the next play(s).  Clearly, we are starting with a clean slate until the dust settles.   In a lot of respects it might be a good thing as there have been so many plays materialize over the past 6  months.  Hopefully,  we recently prepared you to some extent for an unfortunate day like today.  Nobody saw a bit of history coming in such a large one day swoop, but the caution cards were laid out if this was to creep into the market on a more spread out course.  Half way through today we started getting how ' bout this 9ema play emails...there is no play, folks!.  Not for us anyway!.   At this point, we do not have any need to play reversals, bounces etc.   We have capitalized on these stocks when it mattered and have no need to gamble now.   We have made our money on them and will look to explore new stocks.  This is not what DJIM recycling program was designed for..a 400-100!...Hell, maybe it was but it's too early to tell.   Shake it off, remember we are retail and should not take the hits the big boyz and girlz did today or need to if this continues in any size.   A bunker padded in cash is not a bad thing till the next play comes around...and it will sooner than you think!.  One piece at a time!