Resist The Urge To Chase This Market

The U.S. stock market continues to stage an impressive rally off of its September 29 lows. Over the course of just twelve trading days, the S&P 500 Index has surged by more than +8% to reach its highest levels since the late August cascade to the downside. Having seen so many sudden and sharp upside rallies in the many years since the calming of the financial crisis, investors may understandably be feeling the instinct to chase this latest rally higher. But worry not. This is not a market that is necessarily leaving you behind today. Maintain your discipline and identify your ideal buy targets if available, for the market is continuing to offer a vast menu of stocks that are still trading in correction if not outright bear market territory despite the recent strength of the headline S&P 500 Index.

Please click on the link to read more of my article on Seeking Alpha.

Published by Eric Parnell

Registered Investment Advisor

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: