I didn’t pay it much attention. With risk measures having been medium to high, I’m not a buyer. With another up day, those measures would only be pushed further higher. I’ve been paying greater attention to the precious metals, as they’ve been making me better money lately, as I write about on my gold stock blog here: https://goldstocktraderblog.wordpress.com/
I do enjoy running my search each day, as it keeps me right on top of the market and those best safe-dividend growing stocks… like: NKE, HRL, JKHY, ROST, TJX, HD, EFX, SBUX, NOC, STZ, TSCO, EL, AOS, UNH, FDS, LOW, SYK, RAI, LMT, COST, CVS and NDAQ.
Looking through them all for those exhibiting great price strength, you can’t miss that in: JKHY, EFX, NOC, TSCO, AOS, UNH, SYK, RAI, LMT and COST.
And, the word from the timer is… stock market risk measures high at this point, and I would not be much interested in buying anything until after a considerable downtrend in prices had been in progress for a while. More Tuesday morning…
Well, here we are… we have the reversal to the upside back on Friday, May 20. It did a fine job of popping Tuesday, the 24th. It’s spluttered higher ever since, without ever giving another big up day of greater than 1% on serious volume (except for sell volume on down days!). Now, we’re pressing hard against its uppermost price resistance in the 500, valuation is high, earnings growth is being hoped for in the second half of the year, and the technicals are stretched into overbought territory again… looks like the perfect time to breakout into new all time highs! Haha Markets are up everywhere, and so are our futures overseas. I’m in, just not all in.
Here’s to your successful investing!
Harold F Crowell