Growth stocks still appear to be in favor and that is where I expect to continue to find the best opportunities. The Fed continues to print “new money” and a lot of this cyber money is finding its way in the stock market. Until I see a change in the current uptrend, I will continue to put new money to work in what I believe are the best growth opportunities. Liquid stocks with three consecutive quarters of earnings and sales increases and double-digit earnings estimates for next year are at the top of my list. By the Grace of God, I get to pursue my passion for managing money. I pray that you have a blessed and productive day!

I am still finding stocks with sound fundamentals and attractive chart patterns that appear to be under institutional accumulation, so I remain an optimistic bull! The Fed increased its balance
sheet by another $103 billion last week, so they appear to be “doing what it takes” to “have our back”. The dollar has remained strong and gold has been creeping higher. LIONX hit an all-time high in price last Friday so I am thrilled! This is all by the Grace of God for our joy! He is a good God and finds great pleasure blessing His children.

The trend currently appears up, and I plan to continue buying growth stocks with sound fundamental and technical chart patterns.  I believe the Fed has our back and they will do what it takes to keep us going in the right direction.  It may be time to consider gold and silver as the Fed monetizes more U.S. Treasury debt.  Politicians have taken away our freedom in “lock-down” and it is time we take it back while we still can.  I believe that God is still in control and He will right the wrongs and never leave us as He walks with us through this fear crisis.  I pray you accept God’s Grace and Peace and put your faith in Jesus!

Technology stocks have led the rally off the lows and the work-from-home theme has continued to drive the “cloud” names higher. The Fed continues to increase its balance sheet by printing more money ($65 billion last week) and I believe this “free money” has a way of trickling through the stock market. I plan to stay focused on the bottom line and “tweak” positions as needed. I do not believe there will ever be a model or computer than can predict market outcomes consistently given “black swan” events like the Covid-19. However, the Wisdom that God freely gives us is capable of adapting to “black swans”. I wish you well and may God Bless You More Abundantly

Weekly independent stock market updates from a 30 year veteran sharing his thoughts on how you to can manage stock market risk.