Due For A Pull Back

PUBLISHED Aug 13, 2022, 7:32:32 PM        SHARE

imgTom Hamilton

August 12, 2022 – This was a good week for the stock market . . . a steady march higher. My momentum / statistical indicators show that it is likely to pull back shortly. I feel that it will either be a short pull back then resumption higher (in green) or a pull back and the start of a consolidation pattern (in orange). In either case it sure is looking like the bottom is in, well, at least for now (the next couple of months). chart available at www.special-risk.net

Our task now is to identify where to put investable funds, especially if that pull back happens soon. That’s where “Top Down Analysis” comes in. First determine the overall market Trend, then identify what Sectors are leading that Trend. Next what stocks in those sectors are the strongest. Scaling into positions is recommended; no need to jump into the deep end all at once. The Short Term Sector Strength table below gives us the information for the second step.

Overall we’re seeing some insider buying of their shares, the % of stocks above their 50 moving average is Bullish and Small Cap stocks are strong. With Technology strong and Financials gaining that appears to be “Risk On” mode. It’s been a busy week for me and I’ve still got a lot to do, so this will be a short posting, but the three steps that I outlined are important and deserve some careful thought by investors.

Have a good week. ………. Tom ……….. Comments are always welcome. Price chart by MetaStock; table by www.HighGrowthStock.com. Used with permission.

I/we have a position in an asset mentioned


QQQ, Buy

Invesco Capital ...
Return: 36.04%

Sound investments
don't happen alone

Find your crew, build teams, compete in VS MODE, and identify investment trends in our evergrowing investment ecosystem. You aren't on an island anymore, and our community is here to help you make informed decisions in a complex world.

More Reads
Opening a New Credit Card Helps Improve Credit Score

A ratio of less than 30 percent of credit to utilization is ideal.

Cisco Systems: Time To Buy

The bear market is making retail and professional investors nervous, but the market will not be down forever.

Heading into the Weekend, Dollar's Downside Momentum Stalls

The markets are putting the finishing touches on this week’s activity.

Insider Trading

One of Piggy’s favourite drama series is “Billions”. It is an American television drama series premiered on Showtime and has produced five complete seasons to date.

Not too bad


Sequence of Inflation Risk

Sequence of inflation risk may be a new phrase for you, but we all know that inflation significantly affects those in retirement.

Passive Investing Strategies You Can Bank On

Whether you recently began investing or you’ve been doing it for a while – do you know if you’re doing active or passive investing? For both novice and seasoned investors, there’s a lot to learn.

Medical Properties Trust (MPW): Undervalued and 7%+ Yield

Medical Properties Trust, Inc. (MPW) is one undervalued company I bought recently because it has been down over 40% since its high in the ~$24 price range.

Comcast (CMCSA): Undervalued and 2.5% Yield

The markets have recovered a little over the past three weeks. But the market is still down for the year. Thus, the market has brought down many stocks with it. Over the past three weeks, the market has been up a little over 7.5% from this year’s lows.

Is it All Really about Today's US CPI Print?

The US dollar is trading with a heavier bias ahead of the July CPI report.

Market Musing 8-9-2022, Can the rally and meme stocks continue as we wait for CPI Data?

Moderate Volatility: VIX > 21. SPX overall is bearish. The US Markets are waiting for CPI Data on Wednesday to confirm that we are past peak inflation.

Will Appian Stock Go Up?

Most Appian investors are getting edgy and wondering, will Appian stock go up? The stock drop has caused anxiety among investors in recent months. However, the trend may change acoording to analysts forecasts.

Apple Earnings Per Share – Why is Apple Dividend So Low?

If you are wondering why is apple dividend so low and what is the expected apple earning per share in the next quarter, read this informative article.


Stock Market Analysis & Commentary

Meme Stock Frenzy Could Spark Debate

After GameStop and Revlon, Now There's AMTD Digital

StockBossUp Stock Giveaway!

StockBossUp is hosting a free stock giveaway in partnership with National Retail Properties, Inc.

GOOG Earnings Hit Slightly By the Current Economic Slowdown

Goog Earnings have been affected by the current economic activity, yet the revenues are still higher.

From Being Digital To Being Tactile, Tiffany & Co Unveils NFT Pendants

Tiffany & Co announced through their Twitter account that they would in collaboration with crypto startup Chain will be releasing a new limited edition NFT collection which they call NFTiff

Yen Squeeze Continues

Short yen positions continue to get unwound, which is leading the move, followed by the Antipodeans, where the Reserve Bank of Australia is expected to hike rates tomorrow.

Resources for Publishers
Resources for New Investors
Boosted with BossCoin