Well today we got the move we have been waiting for to solidly put in a good long momentum base. We are not completely out of the strong head winds, but we are getting improvement everyday. 42 of the 80 equities I track are now either in calm water or have wind at their back.
If you want all kinds of analysis as to why this is happening or how long it will go on, you will have to visit some other blogs. My job is like the weather man. I want to give you just enough information to know what the trend is going to be for the next few days. If you only want to know that the weather will be warm for the next few days, but don't want to bother with isobars, and fronts and troughs, then this is your place.
Momentum now favors longs, with still a touch of caution thrown in. Don't be surprised to see a little down turn tomorrow as we have had a nice run. Start thinking of those down turns as cautious buying opportunities. Check out our Top 25 Longs for some ideas.
With that said, I will also let you know that we are now watching for the next storm on the horizon, because we know that every sunny day will come to an end. We will let you know when we see those clouds gathering on the horizon.
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