At the risk of sounding redundant, as expected - the market has been moving steadily higher since CRI's last post. While we remain within the seasonally good time of year for the market, I expect little in the way of corrections, and (for those traders out there) any pullbacks ought to be considered buying opportunities. Our 'investor signal' has been bullish since last May and I would expect that condition to continue for a little while yet. As for short term targets, I do believe there will be a fair amount of resistance at or near the 126 area. Until this target area has been hit or we enter the month of May, enjoy the ride.
On a side, while the market continues to point bullishly, I am more than happy to be long stocks that look like they could appreciate. Of particular note, AOS-V has been very kind to CRI of late. Refer to other posts for more on that but readers here ought to be aware of the various services CRI operates and how you may take advantage of this great information...
Hopefully, it will get you to the point where you might want to subscribe.....hint....hint....hint.... :)
That's all for this week,
Brian Beamish FCSI
The Canadian Rational Investor
the_rational_investor@yahoo.com
the-rational-investor.com
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