Market Alert - The Close

Some good sectors and good stocks are moving, not just the same stocks either. Some that led early but lost momentum are back in the lead, e.g. NVDA, some FAANG, software, chips. Others continue on e.g. retail. New areas are moving again, e.g. Chinese stocks. Oil is struggling, but its product is doing the same; it likely comes around again after oil finishes its test.

This is good action. After a 2-3 week consolidation stocks are breaking back to the upside. Small caps consolidated just a week and were back at it. The others that went dormant are now back in the game, at least as of Friday and Monday (still a 'can they hold the move' kind of market).

That action is presenting some good entries and we were there today, moving in. We also banked some gain on stocks we got in early on.

This is still early in this move. NASDAQ in for two days, SP500 just getting started. Thus we will still look at new plays showing good action that are still in a buy zone that can make us money. We waited, started buying when some leaders started stirring, now they are breaking higher harder. We want to continue participating, getting some good entries early on, then let those run as well.

Have a great evening!
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
______________________________________
Alert Key
http://www.investmenthouse.com/alertkey.htm

PLEASE DO NOT REPLY TO THIS EMAIL. USE THE CONTACT US PAGE ON OUR WEBSITE.

Customer Support: http://investmenthouse.com/contact_us.php