Most people are taught:
“Buy low, sell high.”
William O’Neil taught something far more powerful:
“Buy high, sell even higher.”
Great stocks rarely look cheap.
True market leaders break into new highs because institutions are accumulating them for a reason.
The European mind cannot comprehend American heat.
In South Texas today, the heat index peaked in the 130s°F (~54°C).
The heat index combines air temp + humidity to produce a “feels like” temperature to the human body.
The market opened huge gaps this morning. To fill them, $SPY would have to decline to 744.44 and $QQQ to 724.01. How quickly the gaps get filled -- if at all – gives us an idea of how strong the underlying trend is.
"Investors who can be right and sit tight are uncommon. Learn to know what you own and how to handle it so you can make big money and capitalize on your best selection." - William J. O'Neil