My OEXpert 7 Stock Market Timer was getting close to signaling, or re-signaling, I guess. The Federal Open MOUTH Committee members kept stating their personal opinions, and was sending the market into gyrations; down, then up, and all over again. F1 had signaled already, F2 had been within a hair’s breadth and I’d have called it. F3 was getting close. It’s slower, and requires more. F4, like F2, was getting very close. F5 had signaled, and is still under its 40 signaling line. F6, has just re-signaled! Whatever you want to think of it, stocks moved up 1%, but, unfortunately, I don’t see the volume conviction behind it that would clinch it for me. Perhaps tomorrow will have some kind of high-volume follow-through. That’s all it needs now to be a convincer.
Market risk measures quite low, and opportunity may be here. The picture is not as clear as I’d like it to be, but we can only go with what it gives us. The program is a big help here. It would be sweet if the markets would settle down a bit further, and put everything right in place for me, but it never seems to care a bit what I want!
So, there you have it. You might want to add some shares of our favorite safe-dividend growing stocks at this time, and, you might want to still hold some cash back. basically, that’s exactly what it looks like everyone is doing!
Here’s to your successful investing!
Harold F Crowell