The stock Market is throwing us just bullish sentiment as I can see in this 3 weeks chart of the S&P 500, there is no pullback in sight and the tendency or trend is breaking out the 3 support levels creating a new higher high at 980 points. It is a momentum indicator at least for the short term. So I am taking advantage of the momentum but cautioning of a cruel reverse sometime in the future but not now.
I have been buying since March with good results my portfolio has increased roughly about 60% since then with companies like BAC, INTC, STX, JAVA, TSL, VWO and there are some companies from India and other emerging markets that are tempting me. I am confident this tendency will continue another instance is the Dow Jones Chart for 3 weeks showing me a good momentum maybe not for entering but for continue but pretty cautious.
There is no pullback for the Dow Jones and technically breaking all resistance.
1 comment:
I have also Java and TSL with good result as well
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