addressalign-toparrow-leftarrow-rightbackbellblockcalendarcameraccwcheckchevron-downchevron-leftchevron-rightchevron-small-downchevron-small-leftchevron-small-rightchevron-small-upchevron-upcircle-with-checkcircle-with-crosscircle-with-pluscontroller-playcrossdots-three-verticaleditemptyheartexporteye-with-lineeyefacebookfolderfullheartglobegmailgooglegroupshelp-with-circleimageimagesinstagramFill 1light-bulblinklocation-pinm-swarmSearchmailmessagesminusmoremuplabelShape 3 + Rectangle 1ShapeoutlookpersonJoin Group on CardStartprice-ribbonprintShapeShapeShapeShapeImported LayersImported LayersImported Layersshieldstartickettrashtriangle-downtriangle-uptwitteruserwarningyahoo

The Tacoma & Southend Investor's Business Daily Meetup Message Board › HEADS UP!!!! CANSLIMMERS

HEADS UP!!!! CANSLIMMERS

stephen
se_swadley
Group Organizer
Auburn, WA
Yesterday the Relative Strength Line (RSL) for both The IBD 50 Index and the 85/85 Index (Your Weekly Review) reached new highs. Today the 85/85 index itself  advanced to a New High after breaking resistance yesterday and the point total for the IBD 50 is also  about to claim new high ground. Yesterday the IBD Mutual Fund Index (a proxy for active investment management) established a new all-time high. The Russell 2000 Index ( R2) and the equivalent ETF symbol  IWM also reached a new high.
Today both the S & P 500 Index (proxy for large institutional quality stocks) and the Nasdaq Index (often a proxy for economic growth influenced stocks) both broke above their May highs to new highs for the 4-year Bull Market run that   started in March of 2009. These moves signal confirmation of a resumption of the stock market rally started in May and briefly interrupted by the recent market correction.
Though they have lagged as a group in 2012 to date and lead only briefly, in each of the last 2 years, current chart readings show that   Growth stocks could   lead as the economy continues to show signs of recovery and the ability to continue to improve. The Risk /Reward Ratio has apparently now shifted from bonds to favor stocks. Most Value and Dividend Oriented stocks had a great run in 2013 but more aggressive growth stocks may now show greater accumulation.
Get your watch lists in order. Consider reallocating at least some money out of your bond and income oriented funds into growth stocks or their proxies. Many very attractive situations are set up beautifully.
You will receive another email with the date and location of July/August Seattle, and Eastside IBD MeetUps shortly. Sorry we have not met for nearly 3 months. A needed break has refreshed my enthusiasm.
IBD will sponsor a Level 1 Introductory workshop in Seattle later this month. The details will come with the meeting announcement.
This could be a nice stock run as the institutions establish strategies that are not completely dependent on the monetary stimulus of the Federal Reserve. Please do not miss it.
Forward or call in   with any agenda suggestions for the next meetings. The primary focus is generally to help you with chart reading. Since earnings season begins in earnest next week and the rally has resumed timely entry points are important.
Stephen Swadley, Organizer; 206-715-7990 or se_swadley@ yahoo.com
Powered by mvnForum

People in this
Meetup are also in:

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy