What happened in last 25 trading days ?

Last 25 trading days have been incredible, indices were almost on auto-pilot northbound.

S&P 500 went up 239.48 points or 13.23% in last 25 trading days...that is what happened on Wall & Broad St.....

There is an eerie silence from so-called know it all technicians.......

Some of them are skipping shows as they rehatch plan to save their face......

This is the market where you just follow the rhythm of TAPE.....

This TAPE gives you many entry into strong stocks many times in a week.

Forget laggards, they are not working out and money is tied up in no or low performer.....

What is working is working like a charm, be it Semi, Oil, Gold or many sectors which are on fire..even WY is galloping north.....

This is a market where what is working keeps working and rest are stuck in mud with no real movement....

Instead of wondering about next pullback or resistance, it is important to know the themes which are working big time and stick to it.....

Yes...you can trade it IF you are glued to your screen, if not, leave the strong ones to do their run to the roses.....

I have rarely seen a market which is this orderly in its upward trajectory , it has gone through 10 well advertised resistance....

Yes...there will be pullbacks for a day or two, but those are buying opportunity in this strong bull market.

Always keep some funds for strategic buying, which means IF price is right buy it, reasons not important.

Technically, we are so strong that new highs in S&P 500 is a given in short order, Dow is also ready for new highs, Nasdaq is a bit of a laggard due to FANG being ignored by this bull run so far.....

Try to understand this TAPE which requires a "bullish posture" not a nickel and dime approach.....

Trend is your friend.....

Good luck with your own strategy & comfort level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed