Special Bulletin: November 27, 2019

Fully in gear, the market is serving up a feast!

Last year at this time the market laid an egg. This year there is meat on its bones. The technical condition of the stock market remains sound and our Current Market Outlook remains “Market in an Uptrend” with a “green” light. Based on strong technical action in the stock market this past week, all four of our “Core Four” internal indicators are back to green. The NYSE Advance/Decline line has strengthened to all-time highs along with the major market indexes, a good sign of confirmation, and the new 52 week lows on the NYSE have shriveled up. The bulls have much to be thankful for as Christmas appears to be coming early to Wall Street this year.

What can investors do now? Continue to give early winners room to run while cutting losers short. In certain instances taking partial or even full profits on holdings that have bolted ahead 20% or more can be a prudent strategy. Regarding new positions, seek quality investments that are breaking out on strong volume with rising relative strength. As far as defense goes, change the focus to the 21 day moving average on the major indexes, and continue to daily monitor the number of stocks hitting new 52 week lows.

Psalm 100:4 Enter His gates with thanksgiving and His courts with praise. Give thanks to Him, bless His name.

Happy Thanksgiving and Have a Triumphant day! ®