12:00 TUESDAY – Bi-Weekly Market Report #241 – 7/09/24
by Robert Holman | www.DefensiveAdvisor.com
STOCK MARKET RATING (THE BIG PICTURE) … 6.0 (1-4 bearish, 5 neutral, 6-9 bullish). I’m still optimistic, but cautiously so. With a few exceptions, the market continues it’s steady sideways-and-up trend (strong upside exceptions are primarily in the fabulous 7 and the AI-related stocks). The S&P 500 and NASDAQ 100 indices are performing better than the DJIA.
I’m using a scoring system to make picks from my list of monitored stocks in the hopes that consensus opinions of future prospects, institutional buying, price momentum, and value assessment will drive those stocks forward. We will know how well that scoring system works in a few months.
If it’s in the portfolio now, and has good gains, I’m holding on for the slow climb upward (a climb that results from a lot of daily up-and-down activity). I’ll add back to trimmed positions if the opportunity presents itself.
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PORTFOLIOS … After reading this report, if you are unsure how to take advantage of these conditions, you may send a message to my Secure Email (control-click on the link at left) and I’ll reply with the information you need.
TO MY CLIENTS … THANK YOU FOR YOUR TRUST. We’ve had great success since we started this RIA in mid-2018 and have done better than the market since that period.
Learn from the Bible: Proverbs 15:22 MSG - Refuse good advice and watch your plans fail; take good counsel and watch them succeed.
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Opinions in this post are for general information only, and are not intended to provide specific advice to, or recommendations for, any individual without our complete knowledge of that individual’s total ifinancal profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.
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