Friday, November 21, 2014 11:46:29 AM
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.
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.
Best regards,
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