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With the drama in Washington hopefully behind us, the focus will now turn towards earnings - where it should be. When looking at the stock charts, the market, the leading groups and the leading stocks within those groups, they all look interesting and all seem to want to go higher. Remember, historically fourth quarter is typically the market’s best quarter, and there is still the potential to turn this into a good year.
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Thanks Scott. With Tapering, Syria and Debt Limit off the table for now perhaps the Summer Rally can become the Fall rally.
I like Joshua Brown's take www.thereformedbroker.com/.../rocket-fuel
My biggest concern with the index performance is that the RS Lines on the IBD 50, 85/85 and many leadership stocks (FB, TSLA, NFLX, JAZZ) are still lagging and not following the market into new high ground. Is this a sign of weakness in CAN SLIM style stocks?
Oscar, I disagree other than jazz whch is lagging abit but is just under the 10 wk line however, has had a big run so a consoliation is normal...the otherstocks you mentioned are acting fine and Is still moving from the bottom left to top right....and is moving to high ground...patience is very important..
Thanks Scott! The markets are certainly reacting positively! It would be nice to finish this year off with a nice run and, so far, so good. Brad
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