12/16/2013

Last full week of trading in 2013

and that should produce some fireworks. As we come to the end of 2013, the market has had very good year. outperforming the market this year was not much of a problem as Fed support at every dip in the market produced big rally.

As of now we have seen widespread correction in momentum stocks but the indexes are just 2 to 3% from high. plus many stocks are forming constructive continuation patterns. That sets us up for possible year end rally.

On every dip betting on bullish side has been the winning strategy so far. That might still work in last 15 days of the year. 

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