10-17-2013 Comments

Yesterday was a Follow-Through Day on the S&P500 index as it was up more than 1.25% on volume higher than the day before. This year has not really had a correction of any magnitude and correction calls have been little more than buy the dips opportunities. One of these days I fear the buy the dips won't work, probably about the time that everyone is 100% sure that it will. Generally I buy something on the day of a FTD if I detect it happening. So I bought BLOX which was on my watch list that I published over the weekend. The watch list can be seen in The Models > Stock Selection area.

The Market School model is suggesting treading lightly at 30% exposure. I still have TSLA, CBI, FB and NUS left over from the prior rally which means that I am over exposed.