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The Roller-coaster Continues July 25, 2015

Posted by Tom in Thoughts.
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The up and down market continues with a bias upward.  This has been going on since March.

NASDAQAs the chart above shows we continue to bounce off that upper trend line (purple & red lines).  IF the market is showing strength next week I’d expect it to honor the lower dashed red trend line, though the 5020 level would also be reasonable too.  Sentiment continues to be bullish and the story of fluctuation is being driven now by earnings.  Those reports will continue for another couple of weeks, so the volatility is likely to continue.  The good news is these drips are considered to be buying opportunities.  IF that logic fails, be extra careful.

sectorsThe pie chart above shows the sectors that high potential stocks are in right now.  Note that Biotech is taking a step back and computer hard & software is coming back to the front.

This is short because I’m pressed for time, but be careful in this type of “lazy trending” market as it can turn quickly on you.  Have a good week.          ………..  Tom  ………..

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