HGSI Weekend Review – April 14, 2013
Another week, another Rally. After an 8% correction, the market has been in a nice rally since mid-November with only occasional 3% corrections. After a bad week ending on the 5th for our style of investing, this was one of the best weeks ever with most growth stock portfolios outperforming the SP500. We are now becoming overbought in a rally that is long in the tooth as we enter the season of Sell in May and go away. Let’s take a look at what the charts tell us.