Don't Rush Into The Stock Market!

The Week

WOW! Last week money started flowing into the Market. This week it was like a dam bursting and the Price/Action reflected the money flowing in.

The economy hasn’t gotten much better. The Feds raised interest rates by .75% but it hardly made a blimp the trading. I think the traders are a little numb right now to all the bad news.

Next couple of weeks? With so much additional cash coming into the Market I believe prices will continue up. BUT be aware that there may be some short term profit taking here and there.

How did I do?

Another good week another 10% portfolio gain. Still don’t have a lot of positions on yet. Earnings season is in full swing. I am looking for only the best of the best trades to enter and not in a big hurry. I want to keep at least 25% of my investment capital free right now. If prices go up hard, my at risk spread will grow and I don’t want to be butting up against a Margin Requirement issue.

Be sure and get my latest weekly watchlist. It is available on the InvestingBuddies.com website.

Also, a reminder that the next DATA (Double Account Trading Adventure) starts in September. Now is the time to get on the waiting list for the class. I do limit the maximum number attending because I want to make sure each person is well taken care of.

To get on the wait list, go to www.investingbuddies.com/data.