I believe that we are going to see more upside testing of all the major averages.
I also think these markets are manipulated by our government. The simple act of devaluating our currency is causing a repricing of equities.
If I think in terms of fundamental data, I think we're headed for a recession. But the market has it's own agenda: take out the all-time highs...so off we go.
I am using weakness to buy.
Plus I'm going back to an old habit of mine when I started some years ago and I met with some early success before giving all back (too slow to react then): I am going to simply attempt to buy hot stocks and cash out quickly. It's more trading than I like to do, but quite simply I'm trying to make as much as I can before the end of the year.
For example I have positions in
ACM 30
AMZN 100
BLTI 300
BOOM 30
CYD 200
DSTI 200
DSX 100
EEI 5
FMCN 100
FRPT 100
GLD 200
ICE 50
ISRG 30
JRJC 100
NVDA 100
OTE 150
QLD 200
TDG 100
TNE 300
Not alot of value stocks in there; I'm looking for big moves and quick profits and this point.
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