I don’t know, cuz I don’t try to predict, but I was reading over the weekend some really savvy technicians who claim to be able to predict, and they’re saying we’re going to be going into a pretty good decline after the holiday weekend just passed. I’m sure I don’t know, but today took us in the right direction! I’ll be updating my timer, and watching the market action, and hoping we get that very thing!
I ran the search again this evening, and once again, it’s the very same 23 stocks. They make a fine portfolio all by themselves! JKHY, HRL, TJX, NKE, ROST, EFX, HD, UNH, AOS, LOW, NOC, SYK, TSCO, EL, STZ, COST, SBUX, FDS, RAI, LMT, CVS, NDAQ and DG. Check out how many are at, or have just been at, their all-time highs! We’re keeping some good company, we are.
There’s technical price strength in all of these issues right here: JKHY, EFX, UNH, AOS, LOW, NOC, SYK, STZ, COST, RAI, LMT and DG. You gotta love it!
I’ll add the timer update Wednesday morning. It’s not critical at this point, but if we can get a string of down days, and put some risk off, we just may get our signal yet. It’s been bouncing all over the place. Volatility had been increasing, and it may not be over just yet! More Wednesday morning…
7:00 am EST Wednesday. Markets hard hit everywhere, and our futures are off a decent amount. The signal may come! It would only need a protracted spell of selling for a while. When pessimism rises to its highest, opportunity becomes greatest!
Here’s to your successful investing!
Harold F Crowell