Hello my business and investor friends I have some interesting news to be happy about that I want to share it with all of you. Remember my prediction last week about a upward market movement? Well here it is today just as I said it would happen with the behavior of the big boys of herd running hot and heavy investing in cheaper market stocks. Yes, Monday really is at 2:30pm today a bright picture with most all the indexes posting a whopping 35 point gain on all US markets. This is certainly really important to note considering last week we all got bludgeoned to a pulp as the Dow,NASDAQ and S And P took a seriously bad nose dive on bad economic news. The Treasury T-Bill and other government both short and long term notes are changed to a higher increase standard. Then you add another chink in the financial armor when the Fed decided to add another 1.5 percentage points to the discount lending rate. This just fueled the fire last week to send the shivers of woes through major market investors causing the herd to change course with a bundle of jangled nerves. Yup folks visions of another 100 plus point crash sent everyone running for the exit door to bailing out. Not so this week I think this is a course correction that will certainly last longer with more underarm support front overseas investors who win see a good opportunity to buy cheaper technology beaten down stocks. Don't forget that last week those same stocks were seriously undervalued giving many options for contrarian investors like myself to buy in big beaten down stock. The old adage is still true that if you want to make money on your portfolio then buy cheap below the belt and sell above the neckline is the way to do it. True there is many ways to make money on your portfolio positions but not all of them work to your advantage. You always got to do common sense investment by doing your careful research looking at McD and underpinned link lines. It's very important to look at stock curves to see if the stock your charting is going upward or going down like the Titanic in the cesspool tank..Note that if you've done your projection charts correct in combination with current market data you'll be better in a position to pull the buy trigger when stock is a good buy. I always find this works for me when involved in investment in a controversy type stock or bond. Thinking carefully about your short term and long term portfolio plan before you ever put your hard earned money into the markets is a important thing to do. Create a investment plan for not short and long term will help you achieve your stated goals. I get regular questions and comments asking for advice on how and where to correctly invest your financial net worth. The answer is you have to decide in the beginning what you want to achieve and go pursuing it in the positions your holding. Now to what you'll see this week?? I think looking at my charting here it's really conclusive that this week will see a few bumps in the road. Market investors will react to news coming from the political front including some economic news that will cause Wall Street to reach for the container of Rolaids to soothe upset stomach nerves. We will achieve a plateau on Wednesday with another next level upswing but by Friday you'll see markets level out to a steady 15 point average above the baseline. So what's going to decide this factor will be good economic numbers from the real estate with a sharp increase in new home sales. You will see additional important information from housing sector with a report on first time home buyers upside data spurring growth. Let's see what type of victory were going to sing at the end of business close bell ring on the Dow Jones Friday afternoon.
Have a Great Day.
