Base-Building

The past few days have reinforced the idea that a winter rally is taking shape. After impressive gains last week, the indices were widely expected to give back a little this week. Instead, they’ve clung to unchanged, a good sign as that is base-building for a move higher.

This morning, following last night’s Cisco report of earnings on target, technology is in a funk. That works to the advantage of those of us looking to build positions in tech for the winter. The only part of my portfolio still waiting to fill is the other half of my Maxtor position. I filled the first half at $3.25 last month. I’m trying to fill the other half at $3.50 this week. I narrowly missed Monday and yesterday. Fingers crossed to fill before it lurches above $4.

I did get into ProFunds Ultra Semiconductor at Monday’s close of $18.09, as always a couple of days early. It closed lower yesterday and looks set to close even lower today. If you haven’t invested yet, you can probably get in a few percentage points cheaper than I.

To see my other ideas, please scroll down to previous articles.

Things may wobble a bit from here, but make no mistake: we’re on an upward trajectory into the new year. It’s still early and you have time to put your money to work.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • Here are your three options:

    Option 1: Annual Subscription (no refunds)

    For just $200 per year, you’ll receive everything listed above to completely upgrade the way you manage your investments. This is 17% cheaper than the monthly option. This is what I recommend:






    Option 2:Monthly Subscription (no refunds)

    If you'd like to try The Kelly Letter  without paying the full year, you can pay $20 per month.





    Option 3:Free Email List

    If you'd like to hear more from me but aren't ready to part with any money yet, you're welcome to join my free email list:

    Join the free list





    Thank you for the work you do. You're a household name here and my wife and I often discuss your letters on Sundays. My ten- and seven-year-old children recognize your name and will eventually be taught to invest using 3Sig and 6Sig. You've had an enormously positive impact on our investing and inspired me to look at the world in more rational and clear terms than I did years ago. I'm sure that thousands of others would say the same. Kelly Letter subscriber Matt Barnes
    Matt Barnes
    Product Line Director
    OCLC

    Join Matt and thousands of other rational investors to invest without stress.

    Subscribe to The Kelly Letter  now!

Bestselling Financial Author