Tim Reazor
Chief Investment Strategist
NorAm Asset Management
Is the market in a position to move higher? Yes. Should you jump back in with both feet? No. You need to wade in slowly. That’s exactly what we’ll be at Noram Asset Management.
Wade in to what? That is the question you have. You’ve heard me discuss and talk on the radio show I co-host that about the importance of only investing and trading in the top 2% of the market. That means only buying the best merchandise or stocks. When you’re screening, screen for stocks with superior fundamentals and superior technicals.
Pull a chart of EOG Resources (EOG) and Chipotle Mexican Grill (CMG): do your stocks look like these two watch-list candidates? These two stocks meet our stringent demands – does that mean that you rush out and buy them right away – no! There is no rush. Like us you should have defined process of what triggers you into the trade, how you’re going to scale in and what are your pre-defined exit points. This is critical. Have a plan and then stick to it!
You also don’t have to buy shares of the companies on your watch-list. Utilizing a credit spread is one of the most forgiving ways to make money in the market. Is it guaranteed? Of course not – can it become more consistent and predictable way for you to make money in the market? I believe so.
If you want to hear my thoughts on gold, critical market levels and the sample crude oil trade we set up please click this link. http://www.thewallstreetshuffle.com/category/podcasts/
If you’d like a strategic review of your portfolio and a game plan for the rest of the year please email the team and me at NorAm. Tim@NorAmAsset.com
If you’d like to talk to me on twitter my handle is @TJReazor – I often talk stocks and markets there.
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.
Investments involve risk and unless otherwise stated are not guaranteed.
