The market seems to have finally officially moved out of correction mode this week. If you’ve been following our weekly emails, you know that the S&P500 and Dow Jones have been acting well for over a month, but the smaller cap and technology stocks have been showing their unpopular states, yet this week that all changed. We finally have the leading stocks acting like leaders … with high volume breakouts or at the very least base building occurring in higher volume positive days.
Certainly our analysis showed last week things were looking quite positive and as a result, we entered the market on Monday and have been invested fully since then.
Euphoria and complacency are at all time highs right now, which could play a factor in the coming month, but for now being invested is clearly the right place to be.
On a personal note, if you haven’t had a chance to see my book, please check out the “look inside” feature at Amazon here.
Hope you have a wonderful and safe weekend.
Resnn Investments, LLC