First off I want to get to my timing system and say it went bullish today. I excited my remaining shorts (both were down today so that was a good thing) and have the green light to start to look for long entries. The first four stocks that have shown up on my bullish scans tonight are below. All are overbought and any entry should be on a pullback.
AVGO CRUS OVTI SUN
When I look at the charts below it’s very hard to imagine that this market is going to move higher with any type of sustainability, but I have to have faith in my system. Now, how I get into those stocks I mentioned above is when they pullback, and then I’ll start building positions. Should my system whipsaw back into bear mode before I get a chance to buy these stocks then I’ll just refrain from buying any long positions. In the back of my mind that’s what I think will happen, given the market appears to be overbought and my market timing system just barely made it to bull mode.
That’s all I have for now as our middle daughter is graduating from high school tonight and I have to jet now. Hope you all have a great night.
