Raising cash is never an issue in a truly weak market as new long signals fail, old long signals hit profit target levels, and nothing new triggers on the long side.

Stocks closed out a very bullish week with semi-moderate losses on Friday. The DJIA and RUT led the way to the downside but volume was lower across the board.

The move in the overall market the past week is yet another perfect example of why you obey your stops and not your emotions.

Friday’s session was about as ugly as a reversal from 52-week highs as you are ever going to get. Stocks were absolutely monkey-hammered sending all of the major market averages either through or to their 50-day moving averages.

It was all about the jobs report on Friday and the actual report was exactly what Wall Street was looking for as stocks started off the day with a gap and go move higher.

There is no question that what we saw on Friday was a complete shock to the overall stock market. Despite what Monday-morning Quarterbacks were saying on Twitter, the market had absolutely priced in the possibility of a no vote at 100%.

We have seemed to have completed a 180 degree turn in this market since June 8th. However, when you take a slightly longer term picture look at individual stocks you can see that many have continued to hold up while the market has pulled.