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.
Respectfully,
Randall Mauro
Resnn Investments, LLC
No comments:
Post a Comment