Market has been struggling last month to stabilize after experiencing a correction which started in early April. The encouraging news out of Euro-zone saved the day on Friday. European political leaders at least showed some progress during Euro Summit which brought back investors confidence FOR NOW. However, we have yet to see the real action. remember, actions speak louder than words and ONLY time will tell in coming months where we are headed. It seems like we might be starting NEXT BULL move here.... Based on WHAT!!! What is below BPNYA chart telling us?
All above factors suggest start of a BULL move. Below NYSE chart shows the HUGE move market made on Friday on higher volume. Next resistance will be near 7900 level, if broken then 8200 level. Since we have resistance near 7900 level, market might make a quick move to that level and then consolidate in that area. earnings season will start soon which might help us break that level too. Time to ACT:
401K Investments - Use the spreadsheet to identify which are the TOP Fund in ranking, these funds will be probable winner in this BULL move. You can either allocate entire portfolio into TOP ranked Fund or divide in TOP 3. ETF Investments - Use the spreadsheet to identify which are the TOP ETFs in ranking, these ETFs will be probable winner in this BULL move with maximum returns. You can allocate % of portfolio into TOP 3 ranked ETFs. Things to remember:
Good Luck! Comments are closed.
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