The stock marketplace is comprised of 2 different elements at the moment. That is what I call the “market time” component, which is concentrated mostly on the Fed, economical reports, valuations, as well as the indices. Another component is “stock-choosing.” Even the stock-pickers are for the most part oblivious to this “big picture” and concentrate primarily on discovering large moving stocks they hold for days, hours, or even minutes. The market-timing part of this marketplace is extremely challenging. The bears keep attempting to expect a market shirt however, the bulls continue to observe the Fed, which appears to have no limitations to its own dovishness. The Fed policy meeting as well as the Jay Powell press conference now had no huge surprises and that’s all that was required to take the market higher. The stock-choosing world is extremely different compared to market-timing universe. There’s an absolute frenzy in little stocks for example Kodak (KODK) and Kandi Technologies (KNDI) , both that burst higher now. The people which are playing with this trading game keep searching for the upcoming major money play while the market-timing gurus scoff at the stupidity of those amateurs that are dismissing the tragedy that awaits. It makes for a rather interesting market atmosphere. My choice would be to delve to the stock-choosing frenzy and also to aggressively commerce. It demands constant vigilance and decisive action. It will not last forever but the aim is to develop a cushion of gains so that if the market timers eventually have their day we’ll be nicely positioned. Have a fantastic evening. I will see you Thursday.
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