Our afternoon trim is in accordance with our discipline of raising cash when the market is overbought, according to the S & P Oscillator .
Of course, the Oscillator could become even more overbought from here, and stocks can always move higher.
But at a minimum, we think an overbought Oscillator serves as a reminder that stocks have had a solid run lately and could be due for a rest.
Over the past month, Linde shares have gained about 16% compared to the S & P 500 's move of less than 7%.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.