Upside Buy Alerts Going Off on Magnet Stocks

Jordan Kimmel  |

When the stock market indexes go up but the advance/decline line struggles…that is often the signal to be cautious. When the A/D hits a new high as the market digests gains… look for the stock market to go higher.

Yes, the market is in a digestive mode. Leadership has been hard to find. We have even seen a couple of lower lows and lower highs on the indexes. There have even been reports of the sky falling again on Wall St.

The reality is that most of the stocks I follow, and the indexes, are all coming off the bottom of the envelope again. Many market leaders are looking much better than the indexes… Energy, medical, tech- and Magnet stocks of all sizes…are looking ripe to move higher.

Yes you should be cautious – always! You should not chase in any market. For those that have been patient, you should be seeing set up charts all around. Two “upside buy” alerts went off this morning for me.

And while it is good to be cautious, today’s investors are suffering from PFCS- Post Financial Crisis Syndrome. No the sky is not falling – in fact- we are seeing positive divergence…make money while the Sun is shining!

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