Happy Thanksgiving
Every year at this time of the year, we all take stock of the blessings that has been bestowed upon us. It is the time of the year we offer our gratitude for being blessed with a wonderful family, prosperity with our jobs and career and profitable returns on our investments in our retirement funds. We are experiencing the best of the times in the stock market. There is always going to be political turmoil in the world, spread of deadly diseases, poverty and environmental pollution. The world has however become a better place. More people in the world are prospering, having an access to better healthcare, getting educated and living a good life. More people in the world have gotten out of poverty in the last 20 years than ever before in our human history. I would personally like to offer a very special gratitude this Thanksgiving Holidays for sharing your comments on how my posts have helped you get an insight into the market and profit from it.
Market Performance
We have been in a secular bull market as of Nov 8th 2016 "Follow Thru" day. It is a world wide event and not just a US stock market phenomenon. Here are the year to date results of the best performing markets in the world as compared to the US markets.
- South Korea ... +43%
- India ... +35%
- China ... +33%
- Hong King ... +31%
- USA ... +30% Leading Growth Index $QQQ
- $XLK ... +31% Leading Technology Sector.
Trades of the Week
Currently we have 9 distribution days. Market is in a confirmed uptrend and it has been consolidating the gains for the last 4 weeks. Thanksgiving week will be a short week with markets being closed on Thursday. Friday would be a light volume day. This week it would be a good idea to review your trailing stops and adjust them before market opens on Monday. Here are the 2 stock trades that I am considering for this week.
- $RHT ... Entry $122.43 Profit Exit ... $134.68 Loss Exit ... $116.31 (Add on position)
- $MFGP... Entry $ 34.15 Profit Exit ... $ 37.57 Loss Exit ... $ 32.29 (New Position)
Mentoring Program
Would you like to learn:
- How to go about selecting the right Winning Growth Stock?
- How to Buy the Stock Right?
- How to Sell the Stock Right?
- How to Plan Your Trade?
Contact us at:
investorspotlight@gmail.com
Happy Trading!
Amin
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