The rebound in stock prices in recent weeks has pushed the market in general near overbought territory. In addition, key sentiment measures reflect a sharp rebound in investor optimism.
I recommend paring stock positions here, particularly in cases with sharp gains over the past six months. I always like to have some cash available for buying opportunities, and now is a good time to begin to replenish cash after reaping significant gains.
S & P 500: 1435