May has turned out to be the-best time to accumulate stocks...in 3rd week of May S&P 500 was @ 1040.78...four weeks later S&P 500 closed @ 1117.51...UP 76.73 points or +7.37% in a month...
IF...you followed CNBC Guru's..you were told to sell near May lows & they told you they will let you know when to buy......In May Europe was dubbed as "basket case"......& Euro was going below par......
Last Friday Euro closed @ 1.2381......from a low of 1.1919 .....
Also CNBC Guru's told you to keep buying protection when VIX was @ 48.20 on May 21st.....four weeks later VIX closed @ 23.95......
SO..what is the moral of this story......do NOT look for investment/trading strategy from CNBC...they are all well paid to say something which may NOT be good for your "financial health"...editorial check is almost non-existent........remember Jimmy the Cramer saying "i do NOT like this market" few days back ??????
After all is said & done....Market is healthy......
S&P 500 SHOULD take out out 50 DMA of 1139.15..which is only 21.64 points away.......
Strong stocks are making new highs or about to...so stay away from BARGAINS......
Here is my $/sector allocation as of Friday :
SNDK 22.31% Tech/Flash memory
BIDU 19.63% Tech/Internet search
CNQ. 15.47% Canadian Oil & Gas producer
SOLF 13.61 Solar fully integrated
LVS. 12.00 Casino operator
TCK. 9.92 Copper/Coal/Zinc mining
CREE 7.06% Tech/LED
Good luck with your OWN due diligence.Ensure your OWN comfort level & stay diversified.
BLOG does NOT give buy or sell.
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