Market managed to make yet another HIGH and no signs of weakness so far. This is probably the most hated rally in last 3 years. Many investors are expecting a pullback or correction but market is doing exact opposite. No one wants to miss a rally BUT when is the time to enter!!! What do we do?
Market managed to make a new HIGH last week based on the actions of ECB (European Central Bank reducing interest rate) and also got a boost from employment report which was favorable. But did the higher move take us by surprise!!! NOT exactly, we did mention that there is a potential for market to rise another 1-2%. Market has a tendency to do what most DO NOT expect and in process cause maximum pain. So what shall we expect next!!!
Few days back we added a new section "Members Club" to our website. If you happen to visit that section you probably noticed "Monthly Income" strategy. Our list identified few ETFs which were a very good pick in past few days and could provide nice monthly dividend income along with appreciation especially if market undergoes correction. Really!!!
As more and more members are accessing the website through mobile devices, this weekend we took the opportunity to modify and rearrange couple of sections on the website. This shall provide easy reading as well as simple navigation throughout the website.
We hope you enjoy reading the content and in the process gain valuable information for making wise financial judgement. Good Luck! We hope you controlled the temptation of getting back in the market when it was making new HIGH's. Last week we saw the first sign of possible correction ahead. As earnings season is unwinding, we shall expect more zig-zag action and probably a meaningful correction on the horizon. Really!!! On what basis we determine that!!!
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