Up until a couple of weeks ago were in that interminable narrow 8 week range in the SPX where I was preaching patience …. can’t make anything if the market isn’t going anywhere. Then the early signs of rotation started and every stock I recommended the last 3 weeks moved up, some quite substantially.

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Right now we are back to patience for a different reason. I like to buy stocks that have pulled back into support, and simply there are not any that I follow that qualify right now. I don’t want to sell short into this strong momentum, and I am not chasing it either. Hence Patience till the next opportunity.