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Stocks got thwarted at 1524 on the last two attempts. Yet on this third effort it climbed on top and kept racing higher to close at 1531.
You see, bears and sideline observers keep hoping and praying for a pullback to allow them on board this rally. Yet that opportunity continues to elude them. Now these folks are starting to capitulate, which is driving up prices further and faster.
I continue to believe that we are properly set up for a shot at the all-time highs at 1565. Unfortunately the good times won’t last forever. So, just as everyone finally goes long, that's JUST WHEN the next consolidation period should commence.
Stay long for now. Then get ready to take some profits.
Just press a button and PRESTO – out pops the list of stocks from a market-beating strategy. In fact, since 2001, one screen has averaged a yearly gain of +67.4%. Even during 2008, while the market plunged -37.0%, those picks were up +15.3%.
Investors marvel that it's "like a license to print money." "No benchmark stands a chance!" Why wait another day?
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