• I expect a market pullback


    Author: Ronald Guerrini

    Covestor model: Breakouts and Reversals

    This year has started well for equities and for my Breakouts and Reversals model portfolio, which returned 5.9% for the month vs. the S&P 500’s 4.4%.

    The model tracked lower for most of the month, but was boosted by the holding of takeover target Solutia (SOA), which jumped over 40% after the unexpected news was released to the market.

    While the trend remains up, equities appear to be over-extended and I expect February to be a month of consolidation or retracement.

    Ronald Guerrini on 15 Feb 2012
    Article Tags: ronald-guerrini

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