Investing Wisely -- Update with Recommendations and Personalized Follow-Up
Update & Recommendations:
In my previous Update, a couple of weeks ago, I suggested that the market place would pull back. That happened! However, I am sad because of the reasons. The news of the Mid-East, Oil Prices and the Japan disaster is not my way of wanting to profit from the stock market.
As an asset manager, I will not and do not react to "news", and therefore, I passed on that possible General Market Bearish Inflection Point. I was correct in this decision and the marketplace has since rallied and is approaching the previous highs. However, it seems to be stumbling.
The Market is at a critical juncture. The question is - will it move to new highs ("Break-out") or begin a more meaningful pull back? The answer is both. A small number of my "Bellwether" and "High Profile" companies have already made new highs but many are lagging. This is quite typical for grinding out a General Market Bearish Inflection Point.
My best Mini-Forecast for the coming week and perhaps a little beyond is that a near-term top is in the making. That could very well produce the General Market Bearish Inflection Point that we all have been waiting for.
I continue to be a strong Bear and there are many confirming fundamental, technical and consensus factors that tangible support this thinking / recommendation. In a recent Email to Followers, I received some disagreement to my comment that the marketplace looks a lot like the summer and fall of 2007. Apparently, I did not make clear that I am never just looking at the charts. Technical analysis is only 35% of my weighting of my methodology. Fundamentals (40%) and Consensus (25%) make up the balance.
The imminent General Market Bearish Inflection Point I have been forecasting continues to be delayed, (this time it was "News" delayed). However, it now looks (again) - very possible for next week or perhaps the following.
If I have your Email address, I will be sending you notification.
(Repeating) The general market is currently over-valued, over-bought and is showing very serious signs of deteriorations, especially in the area of breadth. Interest rates are on the rise, and inflation is already a grave problem. This means that you must consider holding cash or perhaps taking bearish positions.
I sincerely hope you maintaining your necessary - patience and discipline. Few will be able to make it through this "rare" time period in the history of the stock market and be profitable.
I also invite you to follow my - Personal / Private Blog. It is boring but accurate and profitable!
Something to Ponder:
I invite you to begin reviewing my Freshman year's - Course of Study of the Dow Jones 30 Industrial component companies. Each week I will rotate through 5 of the companies and over a six-week period all will be reviewed. We will then do that for about a full year. You will have homework assignments, and I can promise that, even if you are a seasoned investor your annual bottom line will improve. And if you do not do your homework, I can easily explain to you -- that is why most investors and nearly all traders lose money! It's right here in SafeHaven.com.
If you would like to have further information on my work / analytics
or perhaps my professional asset management, mentoring or consulting - services
I would appreciate your sharing just a bit about yourself and your investment objectives,
Just send me an Email, and I will respond promptly.
Thank you for your time in reading my "stuff" and continued interest in my work / analytics.
Smile, have Fun - "Investing Wisely",