Some thoughts on the up coming week:
I am presently mostly in cash, and am leaning toward the buy side. NAZ hit recent lows back in April, and we never did get the capitulation that I thought we might.
Since then the mkts have rebounded, some "leader" stocks as much as 100%. That kind of conditioning bodes well for the longer term investor. I have heard much talk about "Black Monday" set up, but if we didn't get it back in April, I doubt we get it now. Earning warnings are behind us now, and we now have a week or two left before the summer duldrums hit full force.
If you need a vacation, that might be the perfect time for it. I will have a few swing long set ups that with strategically placed stops, should allow you to tour the world and have the your trip paid for when you return...
All in my humble opinion of course.
Stay tuned for important details of some ground breaking announcements:
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Trade smart
Sharcki |
