August and September have been marked by modest consolidation. I'm finding many stocks that are either extending from previous breakouts or currently building flag patterns. At the moment only a few that meet my criteria are showing new signals. The market's digestion of the recent July breakout has been orderly and constructive. I have little information that suggests we breakdown from here as the path of least resistance remains higher.
With so few new signals for September I am inclined to not act on these and await a more diverse selection as my portfolios are currently 90% invested. At this point I can be picky choosing the stocks to fill out my holdings.
That being said these are valid signals and valid signals have value.
LVS
MA
CBOE
V
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