|Day Low/High||2.28 / 2.42|
|52 Wk Low/High||1.54 / 8.03|
The bears will have to go back to hoping and whining about the Fed.
Some momentum movers are becoming extended and have seen profit-taking Monday.
What was most impressive Tuesday was that the number of new 12-month highs.
Strength in Apple and other FANG names are pluses, as are pockets of action in gold mining, cannabis, biotechnology and shipping.
My methodology is to move incrementally which means taking partial profits into strength and buying partial positions on weakness.
So far there is no bounce in Kraft Heinz which is not a good sign.
Misplaced confidence, IPO mania and historically high valuations mean it's increasingly important for investors to recognize potential negatives on the investment horizon.