Tim Reazor
Chief Investment Strategist
NorAm Asset Management
This uptrend is for real. There are always economic factors that can derail any uptrend, but for now the move higher is legitimate.
Why do I have conviction? Volume. Volume has started to come into the rally. Leading stocks – not junk, think the top 2% of the market – are breaking out. These are crucial facts not to be ignored.
What stops this uptrend?
Inflation. Rising inflation will most likely stop this market from moving any higher. We have both the Producers Price Index Report and Consumer Sentiment Reports coming out this Friday morning. I’ll be keeping a close eye on how the market digests these very important numbers.
What’s my plan for the week?
To continue to buy leading growth stocks and generate weekly income from credit spreads.
I’ve created a video that covers critical levels for the markets, gives you my watch-list complete with buy-points and I also cover weekly credit spreads. I highly recommend that you watch it. I sincerely hope that the video helps you. Please pass the video along to anyone you think may be interested in the markets. Here is the link – http://vimeo.com/97572447
A few more notes… I cover exactly what will shake me from this market and how to react if the market tumbles on this week’s “Your Money” Radio show. If you have a moment please let me know what you think. I want the show to be a resource for you. Your comments help me make the show just that – a valuable tool for successful investing.
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
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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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