America. This is our country, and we must protect it and preserve the integrity of our election process.
Proverbs 10:9 – He who walks in integrity walks securely, but he who perverts his ways will be found out. *
Like it or not, many abuses from election night (and the days that followed) have been uncovered and they must be properly investigated. That is how you put America first and not a party. Ask yourself: If there is nothing to hide then why would anyone object to careful examinations? There are many “within” that have been taught, even trained, to hate our great nation. As a result, the election night hi-jacking attempt continues.
We feel something we wrote last week deserves to be repeated. “The freedom of democracy that our constitution protects is in the process of being stripped away before our eyes. We must pray urgently & fervently. We must be vocal. LOUD. And possibly mobilized into action through assembly, yet PEACEFULLY. Our future as a free and prosperous nation is in jeopardy if this sort of apparent corruption is left unchecked.” Your involvement is needed too.
Based on the markets action on last Thursday and Friday, our Current Market Outlook has been upgraded to “Market in an Uptrend” with a “green” light. Two of our Core Four indicators are green and two are now yellow. This combination signals a bullish outlook while not yet being fully in gear.
Leading indexes continued rocketing higher on increased volume today. But as the day wore on the rally’s steam wore off. The new rally attempt is gaining strength, but it is already being tested.
The bad news: the Nasdaq staged a very negative “outside day” reversal and closed with losses on super high volume- a “Distribution Day.” We do not want to see more bouts of high-volume selling this week. Otherwise, the rally attempt could be in jeopardy.
The good news: a significant rotation from technology (“shelter in place” stocks) and into industrial, energy & financial stocks appears under way. Today’s spark was the hopeful news of a nearing vaccine just as the President had promised, only a week later than expected. Hmmm.
What can an investor do? Monitor your recent purchases and add to strength. Keep praying for our country. Personally, evaluate your own motives and attitudes.
Have a Triumphant day! ®
*New American Standard Bible®, Copyright © 1960, 1971, 1977, 1995 by The Lockman Foundation. All rights reserved.
The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2020 Triumphant Portfolio Management, LLC.