Today looked like yesterday, which pretty much looked like the day before. In other words, seemingly nothing appears to be happening.
Oil finally attained $45 a barrel, even when the news is that too much is still being produced, and Iran and Saudi Arabia are going to increase production… Whatever!
Running the search, I find the very same 19 stocks again, those still being: NKE, PSA, HRL, JKHY, TJX, SBUX, HD and LOW, EFX, COST, AOS, EL, NOC, FDS, UNH, SYK, CVS, NDAQ and FL.
Examining each for price strength, HD, EFX, UNH and SYK are still looking strong, whereas EL has begun to weaken somewhat.
Looking back into the technical measures of market risk, they’re still plenty high as if to say there’s no reason to be a buyer here!
I’ll check back in Thursday morning with a brief update….
Thursday morning, and most the world is lower, as well as our futures, by .42 to .75% as of almost 7 am EST… and gold is up again, or more, by more than $11.00!
Here’s to your successful investing!
Harold F Crowell