The Gilmo Report - February 15, 2012

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Jahbulon
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The Gilmo Report - February 15, 2012

Post by Jahbulon »

Used with permission.

Shapes of Things to Come
Posted: 15 Feb 2012
 
Historically, there have been an average of two particularly auspicious times to buy stock each year. The current period is considered another such opportunity.

Many shares build and break out of bases. In and of itself, this is the most bullish thing a share market can do.

To review, the backdrop changed for the better when the ECB decided to add liquidity. At the time, this development meant little to us, as the market itself had not rendered its verdict with any conviction. What meant more was seeing the major accumulation days of Jan. 17-18, as noted in the below chart. Indeed, it was the Jan. 17 session that said it was time for the intermediate-term speculator to begin to wade back into the market, as noted here on that day. It is to be noted that these reports are based 100% upon the market's action, and 0% on personal opinion or prediction. There are no crystal balls here, nor does there need to be.

The trend-following strategy spoken about since the inception of these reports 19 years ago has been altered very little. We look for an uptrend in the averages that is institutionally supported, meaning that it is volume-backed, and then we target those titles that are outperforming the rest of the market, preferably as they clear basing areas, or areas of sideways consolidation following an advance.

Among the four names that are believed to possess the greatest potential to be oustanding leaders in this cycle. . . To continue reading, please click here.

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Fund Prices2024-03-28

FundPriceDayYTD
G $18.15 0.05% 1.05%
F $19.08 -0.06% -0.74%
C $82.21 0.11% 10.55%
S $82.43 0.30% 6.92%
I $42.57 -0.24% 5.95%
L2065 $16.38 0.02% 8.37%
L2060 $16.39 0.02% 8.38%
L2055 $16.39 0.02% 8.38%
L2050 $32.73 0.01% 6.95%
L2045 $14.91 0.02% 6.58%
L2040 $54.38 0.02% 6.22%
L2035 $14.34 0.02% 5.79%
L2030 $47.67 0.02% 5.38%
L2025 $13.15 0.03% 3.43%
Linc $25.61 0.03% 2.82%

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