In The Lonely Bull

There is a real possibility that this recent rally is a head fake. One that is followed by a quick decline that shakes out the recent buyers.

Money flows have not turned positive throughout this period and other indicators like new highs, etc. have not as well.  It’s a rally without the underlying support.  That is why we are suspicious.

Fortunately, most of our portfolios have been keeping up or exceeding the gains of the broad market; even with the cash balances we have been maintaining. We have targets to buy.  We will do so when either the underpinnings to the market improve or we have the setback we believe is likely.

We shall see; in the meantime, stay steady my friends.

El Solo Toro

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