The good news is that we once again nailed the short term market direction, and our nuggets from last week performed very well. While there is the typical battle between ‘permabulls’ and ‘permabears’ as to whether the bottom is in or this is just a bear trap, we’ll stick to what has served us so well, time and time again. At this point this current bullishness appears to be tied in with earnings season, as I’ve suggested several times even in the lead up to earnings. And while it looks like there’s more upside juice in this current cycle, it’s not without some headwinds around the corner, with the timing likely to be after the next couple of weeks, or perhaps during. As in the last few weeks, most of the stocks highlighted today
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Last week’s title was “Next Leg Down Just a Matter of Time” … Well it only took a few days didn’t it?! That’s been the tricky part of this market. Getting direction right has been reasonably straightforward for us. It’s
Last week I mentioned that the markets would get easier again in due course. We’re not quite there yet, but there is still a bit more juice in this upmove that started in October … It certainly isn’t the prettiest