Patience and Agility Can Be The Difference Makers In a Market Like This

Patience and Agility Can Be The Difference Makers In a Market Like This

August 03, 2022

From the desk of Vance Howard:

The HCM-BuyLine® turned back up on a short-term and intermediate-term basis last week, but NOT the long-term trend, which is still negative. We started adding to existing positions as well as adding new ones, but at a very tepid pace. Optimism is at hand but being prudent is also important. The market is very overbought, and a pullback is warranted, so be on the lookout for pullbacks to continue and begin adding to positions as opportunities arise. The bond market is also starting to turn back up, but tight stops on any new buys should be adhered to.

With the HCM-BuyLine® turning up, it is still very wise to be patient. Remember the famous General George Armstrong Custer?  Well, he was the first one to run out there and he ended up with all the arrows in him. Moral of the story, be a little bit patient.

Vance Howard

This communication is issued by Howard Capital Management, Inc. It is for informational purposes and is not an official confirmation of terms. It is not guaranteed as to accuracy, nor is it a complete statement of the financial products or markets referred to. Opinions expressed are subject to change without notice. Howard Capital Management, Inc. may maintain long or short positions in the financial instruments referred to and may transact in them as principal or agent. Unless stated specifically otherwise, this is not a recommendation, offer or solicitation to buy or sell and any prices or quotations contained herein are indicative only. To the extent permitted by law, Howard Capital Management, Inc. does not accept any liability arising from the use of this communication. Howard Capital Management is an SEC-registered investment advisor which only does business where it is properly registered or is otherwise exempt from registration. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability. Past performance is no guarantee of future results.HCM-011222.01

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