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Thus far today, the defensive sector such as healthcare and consumer staples are slumping, while most risk sensitive areas of the market such as energy, materials, and the financials are leading to the upside. The increasing calls for a market top or correction are not having much of an effect on stocks continuing to drift higher, as a whole. Rather than getting caught up trying to make sexy counter-trend trades, I continue to focus on what is working as both actual and potential positions that I take, while quickly cutting laggards and failed breakout plays. Other than that, I see no need for paralysis by analysis at this point in time.
One energy stock that I charted for you last week is breaking out today. I would like to see more buy volume come in for AREX, but so far so good.
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Eeew. Gross.
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Damnit, you post too fast, so I miss a lot of posts.
Did not know you were a Mamet fan, too. Here was my comment on SP:
I liked Spanish Prisoner but House of Games was more twisty.
Love Mamet for the dialogue alone…
The repetition…
The what?
The repetition…
What did you say?
The repetition…
Of key phrases in that weird sonorous manner… I just love that.
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LoL well done. Spanish Prisoner top 25 all-time film for me.