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Published on Sep 30, 2016
The
S&P 500 had a very volatile session on Friday, but ended up with a
fairly positive candle. It looks as if we are trying to break out above
the 2180 handle, but at this point in time it seems to be a bit too
exhaustive in that area. Ultimately, I believe that this is a market
that will break out to the upside given enough time, and with that being
the case I think that every time we pullback you have to think about
buying based upon value. The low interest rate environment should
continue to propel stocks higher overall, so therefore I am a buyer and
not a seller. As long as we stay above the 2120 handle, it’s likely that
the buyers will be attracted.
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