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From today's market reaction, it seems to me that this might be a start of a pull back, especially in commodity related names. Energy stocks are sold off since 10:30 am. There is no rebound during the day. Copper/AG stocks are also performing poorly. Silver miners are losing uptrend. Gold miners are sold off also which makes my previous thought invalid (wrong idea). A few leaders also retreats such as CAT/AAPL/DD/DE, etc. Small cap/Mid cap are retreating. Looks like investors are preparing "Sell in MAY".
I withdrew most of commodity related exposures around 1:00pm. However, market is still in uptrend. Some money still needs to be in stocks. In this regard, I choose those that will benefit from lower commodity prices for coming summer.
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