I hope everyone is having or had a wonderful Fourth of July weekend. As we head into the new week, our models all remain under a BUY condition and we are fully invested. There is no overhead resistance currently, we have a wall of worry to climb, and without any serious distribution in our indexes there is nothing to do but ride this trend until it ends.
When we see distribution, a series of lower highs and lower lows, a spike in the VIX, some massive breakdowns in leading stocks, some false breakout signals, some climatic parabolic moves, and/or my friends asking me for stock market advice/tips then I will start adding hedges, cutting losses on losers, and taking profits on winners. Until then, only a fool would fight these technical setups on the back of strong corporate financials and heavy share buybacks.
We are back and at them on Monday. We wish you all the best and hope you had a great long weekend. Aloha from a very sunny and calm west side of Maui.
TOP CURRENT HOLDINGS – PERCENT GAIN SINCE OUR SIGNAL DATE – DATE OF SIGNAL
VIPS long – 456% – 7/17/13
HEES long – 218% – 9/4/12
AER long – 167% – 6/27/13
WDC long – 120% – 1/9/13
TPL long – 86% – 10/22/13
USCR long – 84% – 4/12/13
GWPH long – 37% – 6/9/14
WUBA long – 29% – 6/10/14
EOG long – 29% – 2/24/14
CLR long – 25% – 3/28/14
