Savvy Trades and Investments

[researcher59]

But the S&P500 is not the whole market. The Russell Microcap Index is actually DOWN 6% YTD. Yes, the S&P chart looks like a possible double top at around 4600, but there's no guarantee of that. It's a seasonally strong time of the year for stocks, Interest rates are falling, a FED rate cut within 6 months or sooner seems increasingly likely and while some stocks are near 52wk highs, there are plenty that are way off their highs and look undervalued. I like to focus on finding individual stocks that are undervalued, not on trying to time the market and waiting on the sidelines for an eventual correction.

I look forward to seeing some posts on tax loss candidates for a bounce in the new year. December should be a good month for picking up some of those bargains regardless of what the broader market does. jmho

Indexes YTD -

 
 TKR    % Change   Cur Price   Start Price 
  
 $NYFANG  86%        8265.6       4448.07 
 $NDX     46%        15987.6      10939.76 
 $COMP    36%        14258.49     10466.48 
 $RLG     35%        2923.02      2158.19 
 $SPX     19%        4550.58      3839.5 
 $DJT     11%        14816.54     13391.91 
 $DJI     7%         35430.42     33147.25 
 $MID     5%         2549.01      2430.38 
 $SPXEW   4%         5955.35      5739.53 
 $RLV     2%         1534.16      1497.12 
 $RUT     2%         1803.81      1761.25 
 $SML     1%         1168.05      1157.53 
 $IXBT    0%         0            0 
 $RUMIC   -6%        635.15       678.57 
 $W5KMICRO-8%        11659.77     12683.47 
 $NBITR   -9%        4084.23      4474.26 
 $BTK     -9%        4811.17      5281.1 
 $NBI     -9%        3817.41      4213.13 
 $DJU     -11%       862.47       967.4