11:40
Unknown
YES there is Gaza massacre & there is ashes of MH 17... but TAPE is looking ahead to resolution of these disputes in short order.
S&P 500 pulled back 1.65% @ its low, while Nasdaq lost 2.25%, this is remarkable considering worldwide serious issues.
S&P 500 is giving a clear picture of finding higher support & should move to 2000++ area.....
Earnings so far has exceeded expectations which is a very good sign for bulls......
Big cap stocks are in vogue these days & has established leadership position, they are in "breakout mode"
This TAPE is the best TAPE i have observed with small periodic pullbacks.
It is important to maintain exposure & booking of profit is a good idea to buy other bargain stocks.
Even in techs there is rotation, cloud is a bargain now vs being overbought & extended before.
Oil stocks have been the-best performing group to the surprise of me & many so called market timers & seasonality junkies.
Gold Stocks are a good hedge & have broken out, small exposure of 5% to 10% is not a bad idea.
SO....stay engaged in this TAPE & go where money flow is.....
BLOG does NOT give buy or sell.
Saleem
S&P 500 pulled back 1.65% @ its low, while Nasdaq lost 2.25%, this is remarkable considering worldwide serious issues.
S&P 500 is giving a clear picture of finding higher support & should move to 2000++ area.....
Earnings so far has exceeded expectations which is a very good sign for bulls......
Big cap stocks are in vogue these days & has established leadership position, they are in "breakout mode"
This TAPE is the best TAPE i have observed with small periodic pullbacks.
It is important to maintain exposure & booking of profit is a good idea to buy other bargain stocks.
Even in techs there is rotation, cloud is a bargain now vs being overbought & extended before.
Oil stocks have been the-best performing group to the surprise of me & many so called market timers & seasonality junkies.
Gold Stocks are a good hedge & have broken out, small exposure of 5% to 10% is not a bad idea.
SO....stay engaged in this TAPE & go where money flow is.....
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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