Stop Trying To Call The Top -

Stop Trying To Call The Top

Nov 24, 2024Jeremy ParkinsonFinance, No picture0

“We are continually faced by great opportunities brilliantly disguised as insoluble problems.” – Lee Iacocca

Market Commentary: Stop trying to call the top. It is better to look for correct entry points.

The market rewards you if you invest during times of uncertainty. You pay a dear price in optimistic times.

With so many individual companies showing strength, we are finding great ideas to invest in.

The Advance/decline line on the NYSE improved; the NASDAQ line improved as well but is still looking uncomfortably weak.

This week’s 52-week new-high/new-low numbers showed the number of new lows declined significantly, with an expanding number of new highs. The market looks ready to move higher.

I think I see several blow offs are taking place that will not be recognized until the tide goes out. Be careful and do not chase the algos, or at least use stops.

Economic data and market clues: The holiday-shortened week has plenty of economic and earnings releases, including the Fed’s key inflation data.The earnings are interesting to me, the fudged and confusing economic data not so much. Selected current ideas: (It is OK to be holding some cash here, we are.)Magnet® : Byrna Tech BYRN Hims & Hers Health HIMS GeneDX Holdings WGS FACTS:Technip FTI FTIGenerac GNRCDeckers DECK For more information, contact us.More By This Author:The Stock Market Looks Temporarily Exhausted
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