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Continuation (higher) July 13, 2019

Posted by Tom in Thoughts.
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July 12, 2019 – Not much new to talk about as you can see below this market just continues to grind higher (click to enlarge chart).

All of the chart indicators confirm a positive market & environment, so the next most important thing is what sectors are moving and performing best.  That table is below.  (I should note that the performance metrics are near / short term and can change quickly.)

We’re beginning to enter into the 2nd quarter earnings reporting season.  This market is priced for good to great news, so any significant disappointments, especially from major bellwether stocks in consumer retail, technology or transports would put a damper on things.  As always, a major news item could tip the scales lower.  We’re at / near new highs so caution is warranted (i.e. topping & distribution).

Have a good week.        ………….  Tom  ……….

Price chart by MetaStock; pie chart & table by http://www.HighGrowthStock.com. Used with permission.

The Summer “Doldrums” Setting In July 6, 2019

Posted by Tom in Thoughts.
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July 5, 2019 – It appears that the Summer Doldrums are setting in, which is rather typical for this time of year.  That could change quickly with a significant news item; China trade, Mueller testimony, Iran conflict(s), etc.  No doubt the trend is generally up, but once again we’re at the top of a trading range.  Stocks will need some fuel to go higher and since the valuation is pretty much fully reflected in prices we’ll need something to push higher.  Nothing is “cheap” out there.  This will be a “stock pickers market”, so one must be selective as not everything will necessarily go up.  I’m doubting that not much will happen until the Fall.


This was a shorten week of trading in the US with many folks on vacation.  Activity is slow this time of year.  Of note is the strength in Technology issues (electronics, software, semiconductors, even Biotech).  Telecom and Banks jumped up a few notches this past week too.  Mid Cap stocks continue to show the most strength in the near term.  Sector strength table is shown below.  (click on any graphic to enlarge it for easier viewing)

That’s it for this holiday week.  Take Care & Good Trading.    ………..  Tom  ………..

Price chart by MetaStock; pie chart & table by http://www.HighGrowthStock.com. Used with permission.

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