I have been carefully and methodically adding high conviction positions to GWM Model Portfolios.
(click on chart for easier viewing)
|The recent tight price pattern in Celgene|
tells me that institutions are providing good support
for this stock.
The big boys seem to have a methodical and continuing
buy program in place. This is something I look for.
Even after a nice bounce the market remains vulnerable to political headline news, so caution is still the word of the day. At the moment Investor's Business Daily still has the market condition labeled as "Market in Correction". A mostly defensive posture is still appropriate. It's not time to back up the truck yet.
|The Market Snapshot is depicting indecision on the part of investors.|
There is a stalemate standoff between the Bull and Bears.
It still could go either way.
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