Wednesday, August 26, 2015

"Carnage"...Is It Time To Shop???

(A Friendly and Important Disclaimer Note (in addition to legal language below):   If you’re reading this post and are not currently investing with Soos Global (which, of course, is something we should discuss!), please bear in mind that while we share details on changes made to our portfolios, it's important to consider that our portfolio decisions are taken in a much broader context of our overall portfolio strategies and our assessment of each of our investor's unique financial profiles.  As such, what we do, and when we do it, is specific to our investor portfolios and is NOT intended, in any way, as advice for use by others.  Readers are reminded that all comments posted here are for information and entertainment purposes only!  Any commentary, especially those that include specific mentions of 'buying' or 'selling' or 'positions', is made solely for those limited informational and entertainment purposes, and NOT as advice.  We're delighted to hear thoughts and comments.  Thx!)

Quick thoughts pre-bell:

Among the ‘carnage’ is the transportation sector.  Take a look at the Transport ETF below.  Some very quality companies in that basket….but totally out of favor all year….and more so now!  At some point, sector rotation will likely find its way into this space.
It’s on my ‘shopping list’….but patience prevails….
Same can be said for many of the Industrials.  I nibbled recently on UTX, and will look to buy more.   It too has been taken out at the knees.  (see chart below).
The market has traded up overnight off of yesterday’s closing lows.  (see chart below).

Will it hold?  Will it be time to start ‘shopping’?? 
Will keep you posted….

If you have any questions, or comments, please keep them coming in!!

Please continue to visit Soos Global Market Musings for updates.

(Sign up to "Follow by Email"!  And share with others!)

(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
Disclaimer: Please read and consider important information related to all communication made by Soos Global on this site by clicking here.
Additional Disclaimer: currently long many stocks/ETFs including UTX.  Positions may change at any time without notice.   

No comments:

Post a Comment