The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
…plenty of marquee, growth issues which corrected sharply this spring have not fully-healed the technical damage sustained.
Still, Friday’s rally is a good reminder that the risk to the cautious approach is that we see a melt-up to perhaps inflict maximum pain on bearish or underinvested market players. Should that occur, leaders like FB GOOG are likely to prove profitable for bulls. Compared to other prominent issues, such as NFLX PCLN TSLA Z, I view Facebook and Google’s charts as more promising to lead any further strength in the market. Note that Facebook’s earnings are this Wednesday.
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