Turning Bullish

"Don't fight the tape." ~ Wall Street Adage

To be this has become a market of winning stocks and losing stocks.   The winners keep winning and the losers keep losing.   It's time to put more money into winners.

Examples of winners:  Facebook, Amazon, Netflix, Alphabet, Priceline, Tesla.

Examples of losers:   Under Armour, Gilead, Seadrill, Tidewater, J.C. Penney.

For me, it's tough to put money into these winning stocks.  Often, they have already advanced significantly, have high P/Es and seem very expensive.  I prefer to buy stocks on sale, but this seems to be a buy high and sell higher market.    So I'm going to go along for the ride.

I've made a list of stocks to buy as new positions or to increase holdings and will begin acquiring shares this week.

Disclosure:   At the time of posting, we own shares of Facebook, Amazon, Netflix, Alphabet, Priceline, Under Armour, Gilead, Seadrill, Tidewater, and J.C. Penney.

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This is not financial or investment advice. Please consult a professional advisor.

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