Welcome to the Best 3 Months of the Year!
I see all the major US Indexes up double digits. I see the Dow Jones Transportation Average up over 37% and the Nasdaq100 up 27%.
Did stocks ignore or respect seasonal trends?
I see stocks ignoring the seasonal weakness, showing buoyancy and a bid during a time that it historically doesn't see a bid.
So again I ask, if stocks couldn't fall during the worst 6 months, how do you think they'll do during the best 3 months?
Well, so far November is following seasonal trends. This is one of the best weeks for stocks that we've seen in a long time.
The Nasdaq100 and Nasdaq Composite just went out at new all-time weekly closing highs. we're getting breadth expansion and participation from new sectors and new countries. We're even getting market-cap rotation.
This is a bull market.
The weight of the evidence continues to suggest that we should be spending our time looking for stocks to buy, not looking for stocks to sell. (Although that $XOM short did work out really well for us).
Premium Members can access our Trade Ideas list here.
Also, some of this week's Premium Reports, in case you missed them:
There's a lot of opportunity out there.
People love distracting themselves with the gossip of they day.
Fortunately for you, we do not!
JC