Special Risk Capital Management LLC

Steady but Volatile Markets Excepted February 6, 2021

Feb. 5, 2021 – Not much new to say this week. The market continued a steady climb, but indicators show that while the climb may continue it will likely be volatile. Overall I continue not to see any near term problems with a major correction or pull back.

Of note is the trend channel lines (purple) that point upward. On the negative side Money Flow remains lethargic. I am debating whether to change this weekly chart to add what I think is an improved market timing graphic. More to come, it just takes extra time.

Let’s take a quick look at near term sector strength below:

Looking at the 5 day price change column (“% Pr Ch 5-“) it was a very good week for just about everything. I note that the previous leaders, namely Technology based sectors, were good, but not in the lead. We could be rotating to more of a “value” sector play; keeping an eye on that. It’s looking more and more to be a “stock pickers market” where being in the right sector and stock are the more important thing than just being invested.

That’s it for now. Have a good week. ……….. Tom ………

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