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“My formula for success is to rise early, work late and strike oil”

     My formula for success is rise early, work late and strike oil                     ~ JP Getty, industrialist Market Overview The market inched higher this week, still consolidating the sharp gains from last month. Leadership is acting well, and the averages are still showing only one distribution day each. We remain constructive on the market and...

“A bank is a place that will lend you money if you can prove that you don’t need it”

A bank is a place that will lend you money if you can prove that you don’t need it. ~ Bob Hope-comedian Market Overview The market traded flat last week, absorbing two straight weeks of strong gains. The NASDAQ and S&P500 continue to look very healthy, consolidating in tight trade and showing only one distribution...

“Money is better than poverty, if only for financial reasons”

Money is better than poverty, if only for financial reasons. ~ Woody Allen Market Overview After staging a strong follow-through day last week, the market continued its move higher, breaking sharply back toward new highs this week. Many leadership ideas performed well, adding to the overall constructive state of the current marketplace. Additionally, since the follow-through...

“Action is the foundational key to all success”

Action is the foundational key to all success. ~ Pablo Picasso, artist Market Overview Positive earnings provided the catalyst to push the S&P 500 and NASDAQ to their best weekly gains in almost two years (4-5%). Both indices are approaching their 10-week moving averages, possibly providing resistance for further advances. After such a strong week, it...

“He who knows when he can fight and when he cannot will be victorious.”

He who knows when he can fight and when he cannot will be victorious. Sun Tzu – The Art of War I am sure many of you have read the military classic, The Art of War, by the Chinese General and strategist Sun Tzu. This book is listed on the Marine Corps Professional Reading program. New...

“If opportunity doesn’t knock, build a door.”

If opportunity doesn’t knock, build a door. - Milton Berle, Comedian   The weakness that had been on full display for the NASDAQ and the Russell 2000 over the last month has finally caught up with the S&P500 and the Dow Jones Industrial Average last week. I like to use the IBD Indices as one...

IBD Meet Up at MIT – April 3rd Seminar

They broke it to me gently. The manager came up to me before a game and told me they didn’t allow visitors in the clubhouse ~ Bob Uecker, former Major League Baseball player, sportscaster, comedian Tonight, April 3rd, I will be the instructor at the IBD Meet Up at MIT in Cambridge, MA. We will cover...

“I know the price of success: dedication, hard work and an unremitting devotion to the things you want to see happen.”

I know the price of success: dedication, hard work and an unremitting devotion to the things you want to see happen. -Frank Lloyd Wright, architect The market suffered back to back heavy selloffs on Thursday and Friday causing many market leaders to pull back to areas of support.  Though we are now trading just 2-3% off highs, the decline...

“Success is more a function of consistent common sense than it is of genius.”

Success is more a function of consistent common sense than it is of genius. ~ An Wang, Founder of Wang Laboratories This is a part of a market letter that I sent to my investors on 12/15/2013: Facebook Inc. (FB) Provides a social networking platform enabling members to stay connected with friends and family via facebook.com.  On Wednesday, it...

“It does not matter how slowly you go so long as you do not stop.”

The market picked up a few distribution days earlier in the week, but was able to rally back on Friday due to a strong non-farm payrolls number. The S&P 500 has now closed tight for the last three weeks, still trading near record high levels.  Beneath the surface, there has been a  handful of leaders breakdown on...

Gabe Wisdom Radio Show Appearance 8/13

 Sports Do Not Build Character…They Reveal It ~ John Wooden Legendary UCLA Basketball coach   Today at 2:35 EST, I will be a guest on the Gabe Wisdom  business radio show. We will discuss several growth stocks and the current stock market outlook. Here is the link to the archive: Gabe Wisdom Radio Show (Tue, Aug. 13...

Boston IBD Meetup at MIT

Consider the postage stamp: its usefulness consists in the ability to stick to one thing till it gets there. ~ Josh Billings, Humorist & Author   Tonight, August 8th, I will be instructing the Boston IBD Meetup at MIT in Cambridge. The topic will be: IBD Lesson 6: When to Sell and Take Your Worthwhile Profits This lesson is...