This is what I’ve been hoping for. You might think… What? This is awful. They’re fearing more rate hikes… another as early as June. My technical measures of market risk never take into account such things. When the OEXpert has said that risk has been wrung out of the market, it typically has commenced to rally very shortly thereafter.
So, I’ll update it and get right back with the report, but first, we want to run our stock search for the very safest dividend growers.
We have 20… they are: NKE, HRL, JKHY, TJX, HD and LOW, EFX, SBUX, NOC, STZ, TSCO, EL, AOS, UNH, FDS, SYK, COST, CVS, NDAQ and FL.
Those exhibiting the best technical price strength are: JKHY, TJX, HD and LOW, EFX, NOC, STZ, TSCO, AOS, UNH, SYK and CVS.
Updating the timer, we’re just a little bit closer. Truly another down day or two… preferably two, and all my indicators will be signalling to me that market risk is sufficiently wrung out that we could commence to step up and become buyers. I’m going to stay on top of this, and let you know when/if I get that signal. We should be getting quite close!
If so, it might make some great sense to start looking to maybe sell some Put Options against some of these stock ideas, so as to derive income, if anyone is so inclined. I’ll be writing of that here: https://stockoptionincome.wordpress.com/
Markets have traded down around the world, and our futures are off. Recession fears are building, but risk is also waning. Opportunity would appear to be approaching… I’m watching for it, and it may be much closer than anyone realizes!
Here’s to your successful investing,
Harold F Crowell