New Highs, Again
The correction that I wrote should only last a day or two ended as quickly as it started & the NYSE has made a new high today. So has the Dow, the S&P 500 and the Transports are close, and the mid and small cap indices have a little more to go but they are moving in the right direction. Even the Utilities seem to have straightened out and are looking higher. Breadth and the new high list look fine after some weaker readings the last couple of weeks. No matter, it all requires careful watching and analysis to confirm the strength.
More important than the market are the stocks we are long in our various portfolios. Today FCX, SBS, PCU, RCI, CVX, VIP, X, UNM, & AMX are all sharply higher &/or setting new highs. RIMM & AAPL are also moving but its nice to see other stocks in the list making the big gains.
Over the last week CTL, PVH, & DECK got a little sloppy on us. GS has been deteriorating and failing to make a move during this time as well. This is what to focus on at times like these. The good ones are fun to look at but what's affecting certain names is of greater concern. Ultimately if they misbehave too much they will be sold. Taking small losses is the thing to do when markets are acting well and certain stocks aren't. Taking losses eliminates problems, cleans out the portfolio and keeps it fresh to ensure its in the best shape possible for further gains. As portfolio manager, its important to 'love' losses because of the good they indirectly do. This is a critical aspect of proper portfolio management - the thing we excel in for our clients. Feel free to write or call for further information that could benefit your situation.
Stay tuned!
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this newsletter (article), will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Geller Capital Management, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. A copy of our current written disclosure statement discussing our advisory services and fees is available for review upon request.
More important than the market are the stocks we are long in our various portfolios. Today FCX, SBS, PCU, RCI, CVX, VIP, X, UNM, & AMX are all sharply higher &/or setting new highs. RIMM & AAPL are also moving but its nice to see other stocks in the list making the big gains.
Over the last week CTL, PVH, & DECK got a little sloppy on us. GS has been deteriorating and failing to make a move during this time as well. This is what to focus on at times like these. The good ones are fun to look at but what's affecting certain names is of greater concern. Ultimately if they misbehave too much they will be sold. Taking small losses is the thing to do when markets are acting well and certain stocks aren't. Taking losses eliminates problems, cleans out the portfolio and keeps it fresh to ensure its in the best shape possible for further gains. As portfolio manager, its important to 'love' losses because of the good they indirectly do. This is a critical aspect of proper portfolio management - the thing we excel in for our clients. Feel free to write or call for further information that could benefit your situation.
Stay tuned!
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this newsletter (article), will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from Geller Capital Management, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. A copy of our current written disclosure statement discussing our advisory services and fees is available for review upon request.
posted by David Geller at 2:50 PM
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