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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (38524)	5/7/2021 9:07:46 PM
From: Rarebird	Read Replies (1) \| Respond to of 41494

552 New highs on the NYSE with only 23 new lows. I severely doubt the Market is going to stall out or roll over here. Breadth has been a concern over the past 3 weeks. For the first time since November, my portfolio has not strongly outperformed SPX. Today was the first time in 3 weeks that my portfolio hit a new high. I am more partial to SPX $4375-$4400 before a 5%-7% correction takes hold. Looks like 2017 to me: strong, steady, relentless, slow climb, with shallow declines. Energy has been on fire. XES was up over 18% this past week. Semi-equipment oil services play catch up and outperform strongly during the second half of the energy bull. schrts.co It is scary to think how high XES will go if crude oil rallies to $80. I try to pick stocks or ETFs that have good upside and ignore the forecasts. I try to keep my emotions in check and ride the Waves.