More of the Same

The charts look OK. Futures are lower this AM due to some weak sales data from Target & Lowe's. The weather excuse has quite a bit of "reality", though since it really has been warm & dry, hurting sales of winter clothing and lawn+garden supplies.

Beside, what do you expect in a mid-cycle slowdown? Booming sales ?? This is all expected. The last bits of inflation are being ground out, setting up a solid base to the next big move.

GOOG put in a second day over the old high, confirming the move. The Nazz 100 needs another day over its old high.

Often the market puts in major bottoms in October. I note, however, that frontrunning seems to move old seasonal plays forward a bit every year. The obvious example is the old January rally of the 1980s. That move has been drawn forward to December and then November. So waiting for a "clear" signal can be a loser.

I'm being patient. I have plenty of buying power if the beefers decide to push stocks lower.

It's a bull market. Buy dips.

PS: Thanks to mfl59, a commenter here, for suggesting to look at adding to RTP in the pullback to its 200 DMA in August. I added a good bit and that stock has moved up 100 pts. since, a 40% move in about six weeks. One can make great gains with dip buys in strong stocks.

PPS: I think I also need to thank frosty and someone else [mfl59?] for pointing out CSCO under 30 in August. Very good add. Thanks.