This month’s rally had a little more fluff added to it Monday.
Nothing wrong with fluff unless you begin to read too much into it.
With an official Follow Through Day in the books for the S&P 500 and Nasdaq we’ve upped our bias to Buyer’s Caution.
But the bias is meaningless with nothing worth buying at this juncture.
If the rally is for real we’ll have plenty of time to seize opportunities. In a way, breakout growth stock buying is like farming – the crops will produce what they will, there’s little we can do to force it.
Subscribers will have a new report on stocks we’re watching posted soon.