Tuesday, November 07, 2017 7:52:16 AM
Re: Cumulative Breadth................
This one is starting to worry me a bit, too.
Cap Weighted Indexes are still rising while further down the capitalization
ranks, smaller companies are flattening out. Narrowing breadth has usually
been a sign of market fatigue and a need for consolidation.
That said, I did get some CY sold yesterday. We let 10% of the warehouse's
inventory go at a nice price and reset the next Buy and Sell targets. I
also did a buy yesterday. Added 10% to my Walgreen's position. It seems
everyone is betting against WBA and CVS pharmacies as Amazon threatens to
invade that space.
I don't know how the pharm play will work out yet but at least there's a
dividend to placate me. Maybe the Shorts will tire of playing in this
sandbox and move on.
This one is starting to worry me a bit, too.
Cap Weighted Indexes are still rising while further down the capitalization
ranks, smaller companies are flattening out. Narrowing breadth has usually
been a sign of market fatigue and a need for consolidation.
That said, I did get some CY sold yesterday. We let 10% of the warehouse's
inventory go at a nice price and reset the next Buy and Sell targets. I
also did a buy yesterday. Added 10% to my Walgreen's position. It seems
everyone is betting against WBA and CVS pharmacies as Amazon threatens to
invade that space.
I don't know how the pharm play will work out yet but at least there's a
dividend to placate me. Maybe the Shorts will tire of playing in this
sandbox and move on.
Best regards,
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