Last week I sensed a rotation in the market. This week my concerns increased as I once again read Copernicus study of cycles and his actual date predictions which point to a first low in late June followed by a little rise an then a bottom just before the election. Time will tell soon enough, but I will remain cautious until after the election. Which is better a missed gain or a missed loss?
So what did I see in my weekend review?
The 10-yr Treasury yield is at 1.99%.
IBD (Investor Business Daily) continues: Market in Confirmed Up Trend.
Copernicus Systems is still showing to be long in the market (but not 100% in all systems). Money Flows show one down, one flat and one up slightly. I still see a divergence.
IBD 50 Top Five: LULU, KORS, AAPL, ALXN, ULTA with LULU and KORS rooting their way in.…LULU has been number one many times. If I was not being extra cautious I would buy both of these.
What will I do?
RSU a leveraged S & P 500 last week, may sell the other half, not sure yet.
Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
AAPL +34.22%, +11.00, +53.00% this one is still singing
ETF’s for a trade are:
GLD -3.44%, +6.64% down this week….should I buy more???
IBB +5.45, -.37%
EPI -3.37% adieu
EWZ + 3.40%
EWW +1.35% adieu
RSU +.66%, not sure about the rest of you yet
I hope you have a great week.