TAPE is looking healthy.....

TAPE is looking healthy and is ready to make 2017 another profitable year. Many stocks have outperformed this TAPE.

Some stocks are consolidating, while others have renewed strength.

Every market is different in its trading pattern.

This TAPE is  "rotation on a 72 hours basis "

This TAPE is not a straight line uptrend.

IF you keep same stocks on a monthly basis, it will be obvious, that rotation can evaporate most of the gains, too much money is being moved around from stocks to stocks.

It is a trading market, swing trading can be more profitable, than buy and hold.

IF your time horizon is longer, like one year, then you are OK with a well diversified portfolio, and let it run for overall gains.

For traders, this is a very interesting market, offers many trading opportunities on a daily basis.

Based on technical charts from an important outfit, here is their prediction for major indices :

S&P 500 currently 2,316.10 is heading towards 2,639.00

Dow currently 20,269.37 is heading towards 20,949.00

Nasdaq currently 5,734.13 is heading towards 6,149.00

These are healthy gains IF you want to play index.....

BUT...individual stocks may give you better return, some of the target from same outfit are listed below :

TWTR currently 15.58 is heading towards 8.00

KORS currently 38.38 is heading towards 31.00

NVDA currently 113.62 is heading towards 161.00

AMD currently 13.58 is heading towards 19.75

FCX currently 15.80 is heading towards 28.50

GOOG currently 813.67 is heading towards 924.00

As you can see that some stocks are predicted to go lower, while others may show much healthier gains than indices.

It is important to know your stocks very well, from fundamental point of view and technical health on an ongoing basis.

Wall Street has a tendency to crush stocks on no news based only on their strategy, so be warned, that stocks can go lower on no apparent reason.

Knowledge, patience and conviction are key to not only survive but to prosper in this treacherous environment.

SO...do your own homework and pick stocks which suits your knowledge and comfort level.

Good luck with your strategy!

BLOG does NOT give buy or sell.

Saleem