Where are we headed in US market .....

Direction of US market is being debated, most are afraid as US jobs report will bring more fear of higher interest rate.

Higher interest rate is a misnomer, we are talking maximum 50 basis increase over next 12 months from lowest point in history.....

IBD is saying that "market uptrend is under pressure"

Many are overlooking an important point, US economy is growing after struggling since 2008, US stock market has become the-best place to be in, it has paid off better than most markets.

US$ strength is another reason for staying in US market.

Bull bear ratio has tilted to most bears in a long time and bulls are retreating also, this is a good contrary indicator.

Except for Dow, all other indices are looking very healthy.

Even Dow can take out 200 DMA in a blink.

It is OK to worry about direction of market, but it is always wise to be invested & have good exposure to US market.

History has shown most of us are wrong about direction of US market, some of us are wrong on a daily basis, thus, why try to predict direction, when batting average is horrendous.

YES...i get worried from time to time and warn visitors of "overbought conditions" or "too euphoric sentiments".....that has guided me very well all these years.

As market do a sharp pullback or upturn, it is important to "reread my take" as overbought or oversold is corrected in 48 hours"

US market has been extremely volatile, but you got to have faith in your well researched stocks.

Taking profits in volatile markets is a smart strategy, same stocks which overshoots, tends to come back in a weeks time , thus a re-entry is a good strategy.

None of us know, where any stocks will go, but we can sure see the strength in many stocks, which have out performed .

This TAPE has rewarded strong stocks sooner or later, sometimes "strategic selling by institutions can paint a different picture" but they also have to buy back same stocks which they have sold short, thus a quick runup is also in the card.

So .... look @ your portfolio and try to go against popular sentiment all the time, it may be more rewarding than any other strategy

Good luck going forward !

BLOG does NOT give buy or sell.

Saleem