This market sees nothing but rainbows and butterflies ahead. No worries, no fears. Although backing and filling is a necessary aspect of a healthy bull market, history shows that it can go on for awhile without. Now that the Dow has touched 12,000 and the S&P 500 came within a whisker of 1300, perhaps the bulls will be ready for a much-needed respite. Read more about Sector Detector: Healthcare and Technology Continue Strong in Rankings
The market posted a big red candle today. It was much overdue … and in fact needed for a healthy market. It simply cannot go up in a straight line and engender confidence among investors. Backing and filling is a necessary aspect of a healthy bull market. Read more about Sector Detector: Market Takes an Overdue Pause
We can dance if we want to, we can leave your friends behind
Cause your friends don't dance and if they don't dance
Well they're no friends of mine
I said, we can go where we want to, A place where they will never find
And we can act like we come from out of this world
Leave the real one far behind,
And we can danceRead more about Dark Horse Trader's Hedge: Safety Dance on Buy/Writes for January
This week brings a clean slate among stock traders as the holidays and end-of-year positioning has come to an end. The market continues to show signs that it wants to pull back a bit to work off its overbought condition and allow technical indicators like RSI and MACD to cycle back down in their normal swings. But the cash just keeps flowing in. Read more about Sector Detector: Market Remains Frothy
Since the last post, RSY recommended a sell of TSH at $32.99. On December 21st it nicely gaped up and thus RSY noted an opening price point of $33.23. RSY is also recording three dividend deposits distributed from EGAS of $18, GAIN of $8, and TSH of $35.50. The chart below gives a detail of the transaction history so far with realized gains of nearly $2300. (Click on tables for clearer images.) Read more about Rock Solid Yields (RSY): Update.