We finished last week with all of our momentum indexes making nice moves to the long side, but keep you excitement under control.
Our long term or slow momentum index while clearly moving off a bottom is still very much in stormy TradeWinds, so we need to be cautious as this bounce/reversal plays out. Clearly financials are roaring back to long life, but the question will remain if the rally holds. Healthcare, pharma and biotech are the clear leaders right now as energy is starting to fade as oil corrects.
If you are a long player, be selective and vigilant to snatch profits until the Miss Market indicates that she is ready to switch partners and go with the Long Waltz.
No comments:
Post a Comment