Santa may be coming early to Wall Street.
We’re right smack in the middle of a melt up in stocks, and seasonality leading into the New Year says it may stick around for a while.
Many names have already busted out of bases and extended, but there are many remaining that look like they are just getting their legs. Selection is key, along with proper management of trades that are working. Remember no one has ever gone broke taking profits.
In our active accounts, we’re watching melt up opportunities easing into positions and adding to them if they are working, but not chasing.
We’ll do our best to let you know when we see signs of this party ending; but in the meantime, we say party on while it lasts.
The views expressed represent the opinion of Good Life Asset Strategies, LLC. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness.
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