3 reasons it’s a good time to buy
Timothy J. Truebenbach is the President of True Capital Management and
general partner of True Capital Partners LP, a hedge fund. He uses a
disciplined model that trades on the intermediate-term time frame. For a
free trial to Tim’s Nightly Stock Analysis Report
The Fed performed another widely
expected rate hike of a quarter-point and it seems to only be
affecting older companies such as we saw in Dell Computer
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The NASDAQ is nestled between its 50- and 200-day moving averages with volume
displaying accumulation in the last several trading days.
The market’s leadership has been playing its role just fine
and is really the reason I wouldn’t think twice about ex-leaders like Dell.
Google
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providing excellent leadership for this market.
It is a great time to use market weakness to accumulation
strong positions in indices and/or leading stocks. We have also entered into a
seasonally strong period in the market as the fourth quarter has 2/3’s remaining
and the scary month of October is behind us.
Good Trading!
Tim Truebenbach