Your pop up blocker may be preventing the MarketSmith tool from opening.
Learn how to resolve this issue.
Lately I have found myself down playing what I’m seeing on TV. But it’s not because of a slow news day. With all of the domestic and international events dominating the financial media, it has become a distraction from what is really going on in the market. Stock charts don’t lie. I have always talked about keeping a disciplined distance from the opinions discussed in the media, but it is particularly important right now to keep the news out of your investment decision-making process.
If you are focusing on the news of possible Fed policy tapering, and/or military action in Syria, it most likely results in a more negative outlook on the stock market. But the fact is, leading stocks are breaking out and running. It’s definitely a stock picker’s market, and my optimism stems from the price action on individual leaders. For the most part they have held up well under the market’s volatility this year and are gaining strength here.
Now that we are into September, the market could be setting up for a strong fourth quarter rally. The volatility we experienced throughout the summer did us a favor by illuminating many of the market leaders. Focus on the stocks that held up the best, they will be the stocks with the highest RS ratings. Let the stock charts be your guide.
Absolutely agree. I'm in on TSLA LNKD NUS KORS PRAA ACT NFLX and no reason to sell since the correction started! I'm still bullish.
Thank you,Scott, for your post. I think the same, there is accumulation in stocks. But still my emotions during this volatile period shaken me out from some leaders like CELG, TRIP, but I am still learning from my mistakes and going to buy them back even on higher prices.
Thank you again.
The NASDAQ just broke through the 3694.19 high on 8/5. If the day closes above, the market is back in an uptrend. I actually started establishing long positions on 9/4 though it didn't have the gains necessary to technically qualify as a follow-through day.
Scott, why do you let people keep on spamming us in the forums? are your subscribers just fish in the barrel for your friends in the industry to pick off and feast on? -spartian
This company has to be one of the "I don't give a crud" in the world. I have ordered every home study course and with the EXCEPTION of one time my order has been wrong. Today trying to resolve the issue was one of the worst ever. It makes calling India a pleasure.
I must be doing something right. Same thoughts I had.....Thanks so much Scott! John
© 2013 MarketSmith, Incorporated. All Rights Reserved. MarketSmith® is a registered trademark of MarketSmith, Incorporated. All data provided by William O'Neil + Co. Incorporated unless otherwise noted.