TAPE has been impressive despite many downbeat economic news.
S&P 500 is only 12 points away from making new all time highs.
Nasdaq @ 14 year high.
This TAPE is different from 2013, many leaders are reacting to news driven negativity.
It is a stock pickers market.
New sectors like Gold, Silver are coming UP fast.
It is better to have exposure to many sectors which is showing strength.
Swing trading is better for this volatile intraday moves.
Many technicians are still looking for major correction, which may not come anytime soon.
RSI has 10 points move still left before any pullback.
In precious metals group Silver has more upside in terms of % daily movement compared to gold.
In Gold sector ABX is looking better......
In Silver SSRI & AG is among higher beta.
MUX HMY are junior Silver & Gold play....
Many small caps are poised to make major moves in Technology.
Bottom line is, small caps in all sectors are looking better than high priced stocks.
Try to do your own homework in terms of small caps which suits your portfolio.
BLOG does NOT give buy or sell.
Saleem
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