We have entered a phase in market where a "major bull run" is in the works......
Everything which can go right IS going right with markets......
-Economy is getting healthy....
-Jobs are improving & being revised UP.....
-Gridlock in Washington......
-Fed has liquidity pedal to the metal.....
Based on the above "bullish development"..it is PRUDENT to be "super aggressive" in this market.....
Forget about booking profit...it is all systems GO.........
Stay with stocks which you are comfortable with.....be it Gold,Tech,Solar,AG,Base metals or Oil.....
Do not worry about RSI anymore but time it for better entry..like in 50+ area.......but do NOT necessarily sell when it is 70+......when they are 70+ stocks will mark time & come down in RSI...for RSI to come down stocks does not have to go down much maybe $2 down & marking time will bring it to 50++ area.....
This market TAPE has all the trapping of a major bull run...this TAPE may go down in history as the best one to buy & hold.......
All the uncertainty is out of the market & we are on a major run UP.....
Remember Nasdaq 5000......that is where we are heading.....& may take it out once it is all over....
I am expecting Dow,S&P 500 & Nasdaq to make "new HIGHS"..i am talking all time HIGHS and HIGHER.......
Stock market has a history of making serious lows & then shooting to new "all time highs"....we are in just that kind of phase.......
SO relax & enjoy this market for many years to come......
YES..there will be many pullbacks in markets along the way of 5% to 7%..but that will be nothing to worry about, as we are all set to gain 100%+ in Nasdaq from hereon.......
NO..you will NEVER hear these prediction on CNBC/Roubini/Rosenberg/Carter Worth/Doug Kass/Prechter/Adami/Jimmy the Cramer as their "Crystal Ball" is broken for a long time.....they are all stuck in 2008 mud & spinning their wheels & hardly making sense......
YES...you have heard it here FIRST.....
We are moving on UP...Northbound in a big way !!!!!
Do your OWN due diligence/ homework & ensure your OWN comfort level.
There are great stocks which are still languishing in 50+ RSI,60+ is not bad either for current TAPE & IF you are aggressive low 70 RSI can work........
Good luck with your investing/trading.
Time to make serious $$$$
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
Everyone seems to wait for a pull back. However, you believe the other way. I trust your analysis.
I talked to one of my friends last Friday. He said, he has been holding short positions for a couple of weeks and he suffered substantial lost. But he stated that he cannot fight the tape anymore. Next week, if the market continues to move up, he will cut the loss.
Many shorties suffered because of sudden strong bull market that they did not expect, so just imagine the wave of shorties cover and trillion of dollars on the sideline put in to work. We will have the unstoppable bull. Thanks for keep us in check.
I am currently 90% invested and have been ready for the strong bull. Thanks for your excellent works. Without your works, I would end up like my friend going against the tape.
Michael
Hi Michael,
Thanks for your feedback.
This is a much stronger bull market..pullbacks are intraday only,which gives us buying opportunity....
Every bull market is different..this is a rotating bull market......
Good luck in your 90% exposure !!!!
Saleem
Good Morning to all
I would think that our GOLD posiiton in this market is the way to go! J CRAMER lover AUY & EGO!
Inflation and comodities are going up in price. Banks are recovring nicely--Look at Citi-I got is at $1 to over $4 nice. My BAC is under water but it will recover too the prefered is doing OK, for LT hold as I expect my GE......
APPLE is down in premarket--yuk
Best to all
Hi C,
It is a broad based recovery,many sector will work.
For trading rotation will work also.
Some stock in the same sector will be out of favour,then come back in favour.
AAPL will do very good in the next 12 months,requires conviction.
Your focus on GE,BAC should pay off in a big way looking 2 years out.
Saleem
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