I don’t need to tell you what happened. Britain has voted to leave the EU, and the world wants to make them feel a ‘world of hurt’ for their decision. Fine.
I had to update my timer first. It’s reading Medium to Low risk with today’s smash. It would take a little more downside yet to get everything in place. I’d love to see some more of that next week. I’ve a few of my indicators that have signaled, and another 1 or 2 are close, but others would need some more time… and some more pain, yet. I hope we get it.
You can still find some rather amazing price strength in these issues right here: UNH, NOC, SYK, LMT, RAI and DG.
If, after a weekend of further assessment and research, the markets should want to open poorly, and fall any considerable bit more, say, greater than 1% or 2, come Monday morning… I’d want to step into that, and accumulate some shares. This could be, as some are calling for, only the beginning of something truly significant. If it is… then, we’ll buy some more, at still better prices!
As of 6:30 am EST, futures are off by 1/2 of 1% or a little more. There’s still much uncertainty, and the markets HATE that. We hope to capitalize on it!
Here’s to your successful investing!
Harold F Crowell