Dividend Growth Investing, Retirement Income, Stock Market Investing, Stock Market Timing, Uncategorized

Out On a Limb?

Well, I thought it, and I wrote it over the weekend, after I was all done cogitatin’. What was that?

I realized we sure could use a bit more downside to get my technical indicators in place, but then it came back to me that Friday was a quadruple expiration witching day, as they like to call it, and when things move strongly in one direction on expiration days, they often get reversed a good bit the following Monday.

That would appear to be what is setting up in the futures markets overseas, as of 7:04 a.m. EST… the index futures for the Dow, 500 and Nasdaq are up from .75 to .90%, and should make for quite a “pop” opening, if they hold, or rise even further.

We’re down to the waning days of trading for 2015, and I am going out on a limb here, and I am thinking that this likely should be bought, as it may well be the best hope for a low-risk market entry opportunity for a few weeks.

I personally am in the process of building up a cash reserve at this time, for a reason I will divulge after the New Year kicks off. Look for it soon. But, as for this opportunity, I think it would be possible to accumulate some shares, and discover later, that you got them for a good price. I’ll add that, from the most beat up to the least, in which one might want to acquire… as the most beat up tend to appreciate the quickest in a subsequent rally.

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Getting within one half hour before the open, the futures are still well up. The most beat up issues I believe anyone should consider the purchase of first, are, in this order, if one has limited cash: UNP, VFC, FDS, GILD, AAPL, CMCSA, IBM, CHD, CNI, BLK, CVS, ECL, NKE, TJX, ROL, TSCO, COST, ROST, AMGN, ABC, DG, and finally, HRL. Transportation issues have been really beat up for months, hence UNP shows up first.

Here’s to your successful investing!
Harold F Crowell

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2 thoughts on “Out On a Limb?

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