The next major move could be up. Considerably.
What we are seeing is a shift in leadership from energy, steel, ag and industrials to the current industry sectors on the move: transports, REITs, banks, waste management, biotechs, and drugs.
Write it down and start looking for new ideas in those areas. Fuck the short selling. It’s getting crowded. Short interest is at record levels and has been for a while. Game over.
Also starting to come up in the ranks: gas and electric utilities, electronics, software and computers.
Don’t ask me why. You can’t figure the market out during periods like this.
I believe that we are on the cusp of a shift in the prevailing trends. Take your cues from how difficult things are to figure out. Trending markets are fairly easy to figure out—-both up or down. This market is indicating that a major change is transpiring, imho.
It is during these times that traders and investors must be able to adapt to change. It’s not the strong or the smart that survive. It’s the ones who are the most adaptable to change.
Change or die.
Disclaimer: I could be wrong and full of bullshit, so don’t plow all your money into stocks.
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