Morning Commentary
There continues to be an eerie calm in the market, hence our elevated cash position. Of course, these winning streaks (sessions without a 2.0% or more decline) can last forever – it would take two more years for the current streak to match the record.
As long as the market is above its 50-day moving average, we have to pick spots. But the RSI (Relative Strength Index) hints at a short-term pullback.
We stay invested, but minimize exposure, because I prefer to buy them when there is far less enthusiasm. It’s also harder to find ‘bargains’ as a significant portion of the market is overbought based on RSI.
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10/17/2024 1:26 PM | Tech Boost |
10/17/2024 10:03 AM | HERE’S A SONG THAT WE’RE SINGING… |
10/16/2024 1:31 PM | Small Cap Outperforms |
10/16/2024 9:55 AM | CHIPS FALL |
10/15/2024 3:48 PM | The MoneyShow Orlando, October 17-19, 2024 |
10/15/2024 1:32 PM | ASML Weighs on Chip Stocks |
10/15/2024 9:51 AM | TECH NOT READY TO FADE |
10/14/2024 1:32 PM | Entering Earnings Season |
10/14/2024 9:52 AM | STARTING THE WEEK ON A NEW HIGH |
10/11/2024 1:55 PM | New Highs |
10/11/2024 9:53 AM | DOESN’T FEEL LIKE A RAGING BULL |
10/10/2024 1:41 PM | Anti-Climactic Day |
10/10/2024 9:31 AM | MELT UP WITHOUT HEAT |
10/9/2024 1:18 PM | An Apprehensive Market |
10/9/2024 9:57 AM | EMBRACE THE BEAUTIFUL |
10/8/2024 1:07 PM | NVDIA Saves the Day |
10/8/2024 9:51 AM | THE RAFT IN THE STORM |
10/7/2024 1:18 PM | Uncertainty |
10/7/2024 9:48 AM | NOT REAL? WHO CARES? |
10/4/2024 1:14 PM | Jobs Data Pushing Stocks Higher |
10/4/2024 9:58 AM | JOBS DAY (AGAIN) |
10/3/2024 12:47 PM | Oil Surges |
10/3/2024 9:38 AM | WAITING |
10/2/2024 1:23 PM | Holding the Pattern |
10/2/2024 9:34 AM | REIGN OF TERROR |
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