Dividend Growth Investing, Retirement Income, Stock Market Investing, Stock Market Timing, Uncategorized

Sure is Looking Toppy!

The market is grossly overbought, and it is meeting with price resistance at this level. That makes it look toppy… but, tops are so very hard to call, and I try not to.

On the other hand, determining when risk has been wrung out, and the market is likely to turn up, has seemingly never been too terribly difficult. So, I like to find opportunities to be a buyer. And, at this point in time, it doesn’t much look like one. If it should come back some, to at least where it had just recently broken out from, it may be a great place to add some shares.

The search comes back with the same 23 symbols for us tonite: JKHY, TJX, EFX, HRL, NKE, ROST, HD, AOS, TSCO, UNH, LOW, NOC, SYK, EL, STZ, COST, FDS, RAI, SBUX, LMT, CVS, NDAQ and DG.

Psssst, hey, wanna hot stock tip? Nah, me either… the weak ones are these few: HRL, NKE, LOW, EL, FDS, SBUX and CVS. All the rest have been doing just fine!

Updating the timer… risk, as measured in the OEXpert 7 has attained unto highs rarely seen. One indicator has gone right off the chart! This in no way means it must turn and fall from here, but I’m not a buyer until risk comes down… considerably!

___________________

Toppy, or not, Asia closed mixed, Europe is up, and… guess what? Our index futures are up by .35 to .39% as of 6:23 am EST. “Damn the torpedoes, full speed ahead!

Here’s to your successful investing!
Harold F Crowell

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4 thoughts on “Sure is Looking Toppy!

  1. Richard says:

    The small biotech that’s got a cure for Zikka or whatever …now that’s the stock tip that’s making the rounds…lol

  2. Allen Essen says:

    Shares in global miners are sinking in London, with Anglo American (AAUKF) leading the way down with a 6% drop. This comes as Anglo and other miners release quarterly production updates. From CNN pre-market 6am 7/20

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