Market Gaps Down ... Ask Questions Later

I'm cleaning house with the model portfolio on the market gap down today... ask questions later. I'd rather scale my long exposure back in when potential for market upside is more evident. We've tried to get above 1,120 on the S&P 500 and have been rejected back below 1,110 numerous times already. The model portfolio is quickly down to a 16% long exposure from 75%. I'm not too excited to go short though while we're still above 1,084 on the index. I'll probably pick my spots going short on issues like NUE or SOHU. But I'll wait for proper setups and utilize appropriate position sizing.

I'm selling MOS on a breakdown from the small flag-like pattern.

Also getting out of DGP after the dollar rally thumps gold.

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Taking profits in SWK on a properly timed breakout trade for a 4% gain.

Selling AMSC... should have took profits on this one yesterday... too greedy!

Holding on to AGO (5% gain) after breaking out from short-term downward trendline. Altucher the catalyst?
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FD: No personal position