Interesting way to start off the week as markets rallied above technical support and closed above the 20. If history is any indicator, then this successful test of support on the 50 (red line in chart below) should mean this uptrend is still intact. There has been no notable news as of late that would change our thesis which is: stocks should move higher in 2013 due to low interest rates, opportunity costs in stocks are better, cheap valuations, solid fundamentals, recovering economies, and an accommodating fed. Our investment landscape should remain attractive unless any significant news warrants change. Stay disciplined and stick to the plan: buying the dips. We added to CBI & BAC on the pullback.
Portfolio Update 4-9-2013