Update & Recommendations:
In my previous Update, a couple of weeks ago, I said: "My best Mini-Forecast for the coming week and perhaps a little beyond is that a near-term top is in the making. That could very well produce the General Market Bearish Inflection Point that we all have been waiting for."
I also said: "The Market is at a critical juncture. The question is - will it move to new highs ("Break-out") or begin a more meaningful pull back? The answer is both. A small number of my "Bellwether" and "High Profile" companies have already made new highs but many are lagging. This is quite typical for grinding out a General Market Bearish Inflection Point."
These statements were offered to you - more in the form of a warning - than a forecast and have clearly taken place.
My current forecast says that there will still be some topping for many securities. In particularly we may well see new highs for: Gold, Silver and Crude Oil. It also means that we will enter a new negative breadth cycle, and that will take yet another grouping of a couple of sectors and a number of industry groups off their highs.
I intend to participate, by investing in this pullback with highly selective bearish investment security recommendations. Remember, you can Buy Inverse ETFs in retirement accounts.
(Repeating) The general market is currently over-valued, over-bought and is showing very serious signs of deteriorations, especially in the area of breadth. Interest rates are on the rise, and inflation is already a grave problem. This means that you must consider holding cash or perhaps taking bearish positions.
I sincerely hope you maintaining the ever more necessary - patience and discipline. Few will be able to make it through this "rare" time period in the history of the stock market and be profitable when it ends.
I also invite you to follow my - Personal / Private Blog. It is boring but accurate and profitable!
Something to Ponder:
Two thoughts ...
First, if you do not understand my continued warnings about "Selectivity" - I suggest you let me know and hopefully via an Email dialog I can be of help.
Second, I invite you to begin reviewing my Freshman year's - Course of Study of the Dow Jones 30 Industrial component companies. Each week I will rotate through 5 of the companies and over a six-week period all will be reviewed. We will then continue to review - 5 at a time, and do that weekly for about a full year. You will have homework assignments, and I can promise that, even if you are a seasoned investor your annual bottom line will improve. And if you do not do your homework, I can easily explain to you -- that is why most investors and nearly all traders lose money! This Course of Study is right here in SafeHaven.com.
If you would like to have further information on my work / analytics or perhaps my professional asset management, mentoring or consulting - services ...
I would appreciate your sharing just a bit about yourself and your investment objectives,
Just send me an Email, and I will respond promptly.
Thank you for your time in reading my "stuff" and continued interest in my work / analytics.
Smile, have Fun - "Investing Wisely",