For most of this year the gains have been slow and grudging however the indexes continue to march forward and stay above their 50 moving average. As I have been previously mentioned we have no choice but to follow the indexes as long as they continue to move up.
Personal opinion suggested the markets were risky however my recent stock picks have all moved up, some significantly. It just goes to that personal opinion should never influence your stock purchasing strategy. Always look at price and volume and ignore the news and forecasts. As long as the indexes stay above their respective 50 day moving averages then you need to be on the lookout for new positions as well as topping up on the positions you already have. My readers were taken out of positions as we had the aggressive sell off of some of the leaders at the start of January. Many of these reasserted themselves and started moving up again. The correct decision in some of these situations was to sell out as they fell on high volume. We can never know where the sell off will end. Such stocks can always be repurchased as they form new bases and then break out again to new highs on volume. Remember capital preservation must always be priority number one.
Here are a few more stocks performing well and looking ready to move higher if the stock market holds up. Make sure as always that earnings are not imminent for any new purchases. Remember this blog site is not a newsletter that promotes stock tips or penny stocks. Rather the idea is to teach stock selection with low risk advice. You can also catch me on Twitter for more regular updates and YouTube for some educational videos. See links at upper left.
ADS – $78.96
AVT – $36.97
CMG - $260.15
DECK - $90.03
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