Early Signs of a Market Turn
Today’s move up has put into place very early signs of a “tradeable” bottom in the indices. A tradeable bottom is something that lasts about 3-9 months…. long enough to be “tradeable”. (Get it?)
Two things here, oh eager ones… this does not mean that THE bear market is even close to being over… there is much work still to be done to think that, and 2.) this is an early sign, not a buying signal.
But, whenever the bear market is over… taking advantage of it will always start with a tradeable bottom. It will just last a lot longer and then we’ll look back and say that the bottom is in and behind us and we’re so smart having bought so near to THE bottom.
I’ll tell you when we’ve seen a confirmation that might signal a good time to buy and I’ll throw out some stock suggestions to consider. I’m telling you now about the possibility so that you might want to hunt out a few long stock ideas of your own.
If you need to be lazy, just hang on for now and check back every day or subscribe to my feed.
