jump to navigation

The Roller-coaster Continues July 25, 2015

Posted by Tom in Thoughts.

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  ………..


No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: