As I mentioned last weekend, I will be attending weddings the next two weekends, so will be publishing abbreviated editions of the weekend piece on Friday morning both this week and next week. (In other words, is something big takes place Friday afternoon or Saturday, some of what we say here might not make a lot of sense)..…….Thank you very much…and enjoy your weekend!
Table of Contents:
1) It makes a lot of sense for individual investors to raise at least SOME cash today right now.
2) There are some very concerning developments in credit markets…with new cracks in high yield.
3) Don’t chase the parabolic stocks….Here are some others which could/should “run” quite soon.
4) Have the software stocks bottomed? Which ones have the most upside potential near-term?
5) A look at the chart on the tech laden QQQ ETF.
6) The US 10yr Treasury note yield is still quite close to an extremely important resistance level.
7) Here are some other assets that are on the verge of a possible breakout move.
8) Summary of our Current Stance.
