4/7/19: Excellent Week

 Friday was an excellent day, fueled by a better than expected employment report, to cap off an excellent week. Many pundits are saying that the market has come too far, too fast, and they do have a point, but an uptrend is an uptrend. I’m not buying but I’m certainly not selling.

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3/31/19: Mixed Month

Friday was a good day on higher volume, to cap off a mixed month. The Dow was up a fraction, the S & P was up 1.79%. The Nasdaq was up 2.6% and the Russell was down 2.28%. It was a good first quarter, after what turned out to be a disappointing 2018. Let’s hope it continues…

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3/24/19: Bad Week

 Friday was a bad day, with all the major indices down on heavy volume. One can point to potential reasons: trade with China, a possibly slowing economy, but in the end, there are always reasons and we never do know what the real reasons are, except that more people feel like selling than feel like buying. What to do? None of my funds are close to a sell point, so nothing to do but sit and wait.

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3/17/19: Solid Week

Friday was a decent day to cap off a solid week, which brought most of the indices back up to where they were (or a little big higher) prior to the previous week’s selloff. Right now, the rally is still in place.

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3/10/19: Bad Week

The major indices were down every day last week, though the volume was routine. Profit taking? Maybe, but there are signs that the economy is slowing. We’re nowhere near a sell point, so for now, sit tight and see which way we’ll go.

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3/3/19: Flat Week

 Friday was a decent day, though the volume was lower. For the week, the major indices were flat to slightly up. We’ve come pretty far, pretty fast and a week or two of going sideways would help to take some of the froth out of the market.

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2/10/19: Mixed Friday

 Friday was a mixed day on lower volume. The week as a whole was up very slightly. The current uptrend remains intact.

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2/3/19: Decent Week

 Friday was mixed to mostly higher, on lower volume. The week as a whole was decent. Many of the pundits have been predicting that the market will soon turn down and re-test the recent lows, and they may be right…but they may be wrong. Meanwhile, sit tight and follow your strategy.

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1/31/19: One Month Down

 So January is over and it was the best January in years. Some people focus on the “January Effect,” which simply means that if January is up, then the year is likely to be up. However, since most months and most years are up, you could say the same thing about February, March or any other month. Does all this mean that the bear market is over? Maybe…

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1/27/19: So Far, So Good

 Friday was a good day on increasing volume, which capped another decent week. A few days ago, I read a pundit who said that the rise off the bottom was too fast, implying that this rally is soon going to peter out and turn back down. He may be right, but one thing that everybody who follows the market for more than a few years comes to realize is that “usually does” does not necessarily mean “will.” Yes, the bear market ended (if it ended) abruptly. This is unusual but it’s not unheard of. It doesn’t happen often but it does sometimes happen. So, what will happen next? Nobody knows, but you don’t have to know. All you have to do is have a strategy and follow it.

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