TAPE has been on a tear since Fed statement, it has the making of more bull run in store.
RSI @ 62.56 means there is more room to run higher towards 73 area....
Many stocks are nicely set up to make new highs.
Internals remains healthy.....
Sector rotation may come into play...
Monday is the last day to trade for 2014 for retail......
2015 strategy needs to be in high gear to start the year right.....
Different strategy normally gets different result for 2015.....
China & India can be the best idea for 2015....
Many traders are still not sure about this TAPE, as it has surprised them and have left them with less exposure in this bull run.....
Second guessing this bull has costed many serious money.....
Sometimes it is wise not to be wiser than TAPE......
This TAPE may go in overdrive going into new year, as new allocation pours in.....
SO...different strategy for 2015 may be, to be fully exposed with a strong diversified portfolio and smell the $$$$........
Good luck with your homework for 2015, its only 1 trading day away.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I agree things look set up well for the next week--RSI fine, traders bewildered, and a sense of digestion with current world growth.
My portfolio only gained 0.50% last week lagging both the large and small caps, primarily due to the -12.5% debacle of OCN. I broke a personal rule and paid for it! The YTD is +6.68%, which is between the S&P's +13.01% and the Russell 2000's +4.43%. I'll happily take this year's gains considering many rough patches both in the overall market and in the beta stocks I follow. Building on any gain from last year's +66% is a victory!
Good luck to all this week and in the new year! :)
Stocktrader
Hi Stocktrader,
YES 6.6 percent gain after huge gain of 66 percent is something to be very proud of.
Hopefully TAPE move on UP further in upcoming weeks...stars are aligned almost perfect.
Saleem
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