Good morning Grabber, Re: Santa and his Rein of Bulls.......
Well, it could be. Yesterday's Retail Rally could have been the start of such things.
My "Momentum" holding, FVL (1st Trust Value Line Timely 100 Stocks Fund), certainly has been enjoying nice relative strength since the October low point. That was one of those opportunistic buys done when the whole Cutlery Drawer spilled on the floor! No time to sort out the butter knives from the Jim Bowie style! That was Alamo ala Mode! The reflex rally triggered a Sell this AM for about a 19% LIFO gain on those shares purchased just over a month ago.
FVL is generally a diversified ETF consisting of the 100 most timely stocks listed in Value Line. It shifts around in "style" over time based upon what they see as "timely" so sometimes it's loaded with growth type stocks and others with more value oriented holdings. Because it is generally a momentum play, it gets hit hard during times like early October. AIM seems to think that's just fine!
It's been cold enough for Santa's Reindeer here in WI. However, we're supposed to see temps above freezing for the first time in about 2 weeks. I believe this is a new all time record for November of consecutive days where it stayed below freezing. It was 8°F when I got up and by 8AM it had risen to 18°F, Sunny with a southern breeze.
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