If you are taking losses in this market, stop trading and move to cash.

The pattern of end of day dumping of stocks continued today with the Dow down -365 points in the last 10 minutes of trading.

Kelly’s face says it all.

I took a loss in DVAX this morning before taking another position in Amgen. If I take a loss in Amgen, I’m staying in cash while the market works off the overbought condition.

The ISM Manufacturing Index has fallen 10% so far in 2018, indicating a sharp slowdown. And about 60% of all bond ratings changes so far in 2018 have been downgrades.

Volatility increases at market tops, and an increase in volatility is exactly what we are seeing.

Keep tight stops and stop trading and move to cash if you’re on a losing streak.