I hope everyone had a great 4th of July! Thunderstorms are moving through right now, and the cooler air is very nice.
Had a cookout on Saturday and it was fun! I got a bit busy and did not take many pictures, but here are the baby back ribs before and after:
Back at It
It would only figure that when I was taking a break from market stuff, everything goes nuts to the upside. One of the biggest multi-day rally's ever happened last week. While there could have been some low volume games and "window-dressing" going on, the panic buying as I like to call it was everywhere.
It is hard to enter a market that has been running so hot. Conventional wisdom would be for some side ways action or even a pull back. My feeling is that the upside party is not over, and we could see a couple more 1-1.5% broad moves up early in the week. So what to do?
Homework. I will go to work using the PPT screener and find the best looking set ups as I can. If everything looks good then I can go ahead, but with an eye towards broad market trends. Obviously I don't want to chase any names up 10-15% over the last week. Missed that boat.
Anyways, good luck getting back into the week.
Have a good night.