Tim Reazor
Chief Investment Strategist
NorAm Asset Management
This week I’m nimble. The market as you’re well aware is at an inflection point. It has been for some time. I have a watch-list that I’m ready to nibble on should this move higher prove true. I’d like to see more volume, which equals conviction come into this upside move. The reason why is simple. If there is institutional conviction a move higher can sustain a few blows that the market is sure to deliver. If there isn’t participation from the institutions then any blows that the market delivers won’t be repelled so easily. In fact the markets can tumble lower more easily without the institutions participation and that’s why I remain cautious in regards to this recent move higher.
I do respect price and the fact that the markets may already be coming out of the starting blocks for the next move higher. This is why I have a watch-list and a game plan.
To see my watch-list and game plan watch this video http://vimeo.com/96256833
I also discussed this very topic on the radio show I host along with Danny Stewart. To listen to this week’s show click this link – http://www.thewallstreetshuffle.com/category/podcasts/
You can listen to the show live on Saturday’s at 10:00 AM – just click this link and bookmark it – http://www.iheart.com/live/1190AM-4276/?autoplay=true
You can also listen via the iHeart Radio app. Simply download the app to your smartphone and search for 1190 AM Dallas. There is even an alarm you can set to remind you of when our show is on.
If you want to come into my office and learn about credit spreads send me an email. It would be a pleasure to meet, bond and talk stocks together – tim.reazor@NorAmAsset.com
I often talk stocks and markets on twitter – you can follow me by searching for my handle – @TJReazor
I hope today’s newsletter helped.
Best Regards,
Tim
The information presented is for educational and entertainment purposes only. Opinions and information expressed are based upon information considered reliable. However, factors are constantly changing and should not be relied upon. You need to do and verify your own research.
Moreover, no reader or listener should assume that any information or discussion presented serves as personalized investment advice from NorAm Asset Management, Inc. or from any other investment professional, and is not an offer of solicitation for the sale or purchase of any specific securities, investments, or investment strategies. You need to have your own, individual investment advice suitable for your personal situation.
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