| Not a whole lot new to say, frankly.
Listed below are some of the major judgments featured in these pages this year, with the dates of specific editions of “Money in Motion” in which each judgment was made.
– Health Care – Be Long (Jan 3rd, Feb 21st, Mar 6th) – Industrials – Be Underweight or short (Jan 3rd, Feb 27th, Mar 6th) – Energy – Be Underweight or short (Jan 3rd, Jan 30th) – Financials – Going nowhere (Jan 3rd, Jan 17th, Mar 6th) – Technology – Reduce exposure (Feb 2nd, Mar 6th) – Consumer Discretionary – Be Underweight or short (Jan 3rd, Mar 1st, Mar 6th) – Transports – Be Underweight or short (Jan 3rd, Mar 6th, Mar 13th)
As for the market overall… Steep, uncorrected intermediate advances don’t last forever, succumbing eventually to the selling pressure associated with profit taking and/or short selling. The November 4 – March 1 advance in the S&P 500 from 2083.79 to 2400.98 is/was a mature intermediate advance… mature both in terms of magnitude (+317.19 Index points… +15.22%) and duration (19 weeks in the making) leaving the SPX farther above its smoothing mechanism than at any time in the past 3-4 years. On the pages that follow you fill find charts related to the overall market. There is no Buy or Sell List today. For those in search of names, please email or call us… or reach out to your counterpart here at Cornerstone.
Trade well,
-Carter |
↧
CSM |“Money In Motion”… March 27, 2017
↧
