From the desk of Vance Howard:
The HCM-BuyLine® is clearly negative and we have built up a tremendous amount of cash. I have enclosed our cash holdings as of Monday. The market should rally up to the 3800-3900 range on the S&P 500 before the selling starts again. Some of these rallies are shorts covering their positions. Look for the markets to sell back down to the 3600 range, and if that area of support cannot hold the next logical area of support is a very low 3000-3100. The market can have some very nice rallies in a bear market, so be patient and let the HCM-BuyLine® turn back up so we can get a clear picture the trend has changed.
There are some amazing buys out there right now, and way too many to list, but they are probably going to get more amazing and trade even lower. The cash some of these firms have on their balance sheet is incredible. What to do now? Be patient, sit on the cash we built up, let the market tell us when it has bottomed, and then we can come back in with both barrels a-blazing’.
Cash and Cash Equivalents as of June 20, 2022
Howard Capital Management, Inc.
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
HCM-061622-61 • 1677-NLD-06172022
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