Tuesday, December 13, 2011

What to do? What to do? What to do?


Nothing.  There is nothing to do in the stock market.  Plenty of long setups but none want to move higher...Yet.  The one's that have gone are just backing and filling and not making much progress.  The market and top notch stock want to go, but the continued uncertainty out of Europe is holding them back.  If you're lucky enough to be in a position that is working, make sure it's acting right or keep the stop tight.  There is no reason to take on risk until we get at least some sense that the Europeans are going to really fix their problem or super glue it enough that it leaves the headlines for a few months.  Ultimately they will have to deal with it and new bull market will find its footing.

In the meantime use the Leading Stock Analysis Section(updated weekly) of the Blog to keep your watchlists fresh.  You don't want to be caught off guard when the stock market does find it's footing and turns.  The first stocks out of the gate will be the best place to park your money for the rally.

If you have any questions, please ask.

Click to go to the Leading Stock Analysis Section...
Post a Comment