Friday, November 23, 2012

Market Comment 11 23 2012

Market Snapshot

63% (green area) of the stocks in the S&P 1500 Index
are now above the mid-point of the Bollinger Bands.
This is a positive.

Chart View
S&P 1500

We had two big up days this week.

Market Direction Model

Another strong day helps move us up out of the doldrums. 

I hope all of you had a nice Thanksgiving Day.  I personally love this time of year. I already have my Xmas wish list prepared.

All I want for Christmas is a Santa Claus Rally.

Addendum (Saturday Morning):

Friday was an abbreviated day with an early close. Even though we had a very strong day I was unclear as to if it qualified as an official Follow-Through-Day. Well , Investor's Business Daily confirmed that it was, in fact, a Follow-Through-Day and has changed the market status to "Market in a Confirmed Uptrend." 

"While not all Follow-Through-Days result in a sustainable rally, all sustainable rallies start with a Follow-Through-Day."

Our indicators really worked superbly this fall, helping us minimize the damage from the sizable correction that began on September 15th.  I turned cautiously optimistic Friday, a week ago, and began adding new equity positions. We are nearly fulling invested now in the right kind of stocks, high growth stock leaders.

Core Equity Folio Holdings

New America Folio Holdings

- Here Comes Santa Claus - Here Comes Santa Claus -

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

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