Securities Research Services

Monday, July 16, 2007

Wall of Worry in Tact

Index prices sputtered a bit on Friday, but the weekly close on all fronts was strong. All major indices have broken out of their trading ranges on strong weekly volume. Likewise, the put to call ratios continue to betray a healthy level of distrust. We have yet to find an analyst that trusts this rally. Even so, we are finding a large number of very nice set ups and as such, will maintain our aggressive posture.

We may see prices consolidate and pull back a bit this week, but as long as price and volume stay healthy, dips are buying opportunities.

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