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Obviously, today was a tough morning. The market uptrend is currently under pressure, with five distribution days on the S&P500 and four on the Nasdaq.
Due to the market pressure, we are adjusting our risk by decreasing our exposure. Significantly, the true leaders are revealing themselves today with their big upside reversals off the lows; some of have even gone green on the day (as of this post). If, the market ultimately comes out of this and has a good earnings season, then many of these leading stocks are the ones that should be focused on when it’s time to increase exposure again. Most investors tend to tune out during periods of market weakness, but, in reality, these are the best times to find the future winners.
We will have an in-depth discussion at the next Master the Market webinar on 7/15/2014.
Follow Scott O'Neil at Twitter.com/WScottOneil
As always, the timely comments made as the market is significantly moving (shift from confirmed uptrend to under pressure) are greatly appreciated. It is also very helpful when you give details regarding what you, your dad, and are the shop are doing overall--ie have reduced exposure and moved to only 60% invested, 20% invested, etc. Additionally, the fact MS is always willing to move up your monthly webinar (again, due to significant market action) is extremely beneficial to subscribers.
market under pressure was 7/8/14 …could you please let me know what the average length of time is before the market breaks one way or another and also the longest ever and the shortest (probably one day) if you have them..thanks
email address is.. firstname.lastname@example.org
Scott when you take tome to do the webinars it's always a special treat. Your crew is great but the timeless tidbits of wisdom from your dad are just great. I also agree with saltman "the fact MS is always willing to move up your monthly webinar (again, due to significant market action) is extremely beneficial to subscribers."
scotty....they never make it easy do they!!!
As always Scott & team, thanks for all you do. I agree with others re: your flexibility in adjusting webinars and your blogs and follow-up comments as the market dictates. In addition, the Trading Summit was very informative and engaging, as well as an event in which other Meetup leaders and CANSLIM investors could see one another again or meet new fellow investors. Also, thank you for making the Trading Summit webinar available to all subscribers to Investors.com. In our group in Dayton, about 25% of members subscribe to MS, 35% to LB, but 100% subscribe to your Dad's paper and Investors.com, so everyone was very excited to hear about it's availability. Also, please thank Urusha for all of us who attended as he did an excellent job with "the Summit". Brad
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