Thursday, April 5, 2018 11:54 AM EDT
Almost all stocks followed the market lower when it went under pressure in late January. But as often happens in corrections, leading stocks tend to firm up before the rest of the market and start making higher highs. When I survey the market I see a lot of stocks acting pretty strong and that’s a sign this market correction may be winding down.
After going to cash in late January I’ve been buying stocks like FND below that have been rejecting the latest pullback in the market and outperforming the major indexes. An even more ideal note on this stock is that it is making new all-time highs with no overhead resistance.
Disclosure: I am long shares of FND.
Disclaimer: The views and opinions expressed are for educational and informational purposes only, and should not be considered as investment advice. ...
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Disclosure: I am long shares of FND.
Disclaimer: The views and opinions expressed are for educational and informational purposes only, and should not be considered as investment advice. The author of this website is not a licensed stockbroker or financial advisor. Nothing contained herein should be construed as a recommendation to buy, hold or sell any securities or financial products.Always seek the advice of a financial advisor and do your own independent research prior to making any trade or investment decisions.
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