Solid stuff today
The DJW5K was down most of the day. It poked its head up for a bit late, but ended up losing a bit at the close. I had a very good thing going the entire day and wound up with almost a 1/2% gain. I'm happy my stocks were able to do their thing today despite a market that just couldn't get going. It is an early sign that my portfolio just might be full of strength.
The past few days I had a bunch of positions that were pretty clearly either needing a correction, or were in the throws of the downslide from an earlier bullish move. So, the past few days, I've had very few, if any, stocks that looked like they wanted to - or should - go up. And I got killed by the market. But that was okay. I kept a positive outlook on the portfolio, despite getting beaten up, because it just looked like, regardless of what the market did, I had to go down. Consolidation and normal corrections are healthy, and my guys needed a break!
However, today was different. Last night I put up narratives on several stocks that looked like they were forming the bottom of their corrections. I needed to start seeing some signs of strength soon, or things could get ugly. I was cautiously optimistic that I'd get that strength given what I was seeing. Well, today they followed through. On a blah market day I saw strength, or at least a continuation of a bottom move, from several stocks, including LH, SBIB, PLCM, ECL, OKE and ORCL. The way the portfolio is positioned, I'm expecting a strong close to the month.
Three stops were moved up on new highs. They were CMCSA, GIS and BUD.
Good luck
The past few days I had a bunch of positions that were pretty clearly either needing a correction, or were in the throws of the downslide from an earlier bullish move. So, the past few days, I've had very few, if any, stocks that looked like they wanted to - or should - go up. And I got killed by the market. But that was okay. I kept a positive outlook on the portfolio, despite getting beaten up, because it just looked like, regardless of what the market did, I had to go down. Consolidation and normal corrections are healthy, and my guys needed a break!
However, today was different. Last night I put up narratives on several stocks that looked like they were forming the bottom of their corrections. I needed to start seeing some signs of strength soon, or things could get ugly. I was cautiously optimistic that I'd get that strength given what I was seeing. Well, today they followed through. On a blah market day I saw strength, or at least a continuation of a bottom move, from several stocks, including LH, SBIB, PLCM, ECL, OKE and ORCL. The way the portfolio is positioned, I'm expecting a strong close to the month.
Three stops were moved up on new highs. They were CMCSA, GIS and BUD.
Good luck

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