Friday, June 6, 2014

Market Wrap - week ending 6/6/2014

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.

Randall Mauro

Resnn Investments, LLC

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