With the market spending the first half of October – correcting – the high-ranked breakouts which we favor so much, have thus far been rather scarce.
After all, that is just the nature of the way it works.
The better the environment, the more high ranked stocks will be breaking out. As more high ranked stocks break out, they better the environment.
Regardless, I take what the market gives me. That’s how I’ve done this business for more than 15 years.
I don’t watch much CNBC. I don’t keep up religiously with any official status of the market. I don’t make my emotions part of the equation.
What I do is…