The market remains in a bull mode, and about the only thing to worry about is that a lot fewer people are worrying about anything these days. In other words, sentiment is elevated, and after the market’s strong, straight-up, two-month run, some near-term rockiness is always a possibility. But the big picture continues to look good, as all the major indexes and most leading stocks are in good shape. Your goal now is to be more discerning when you buy (looking for the best leaders at proper entry points), and to monitor your current holdings closely. In the Model Portfolio, we added two leaders last week, and tonight, we’ll do a little offensive selling by booking some profit in one of our biggest winners because the stock is showing signs of exhaustion. We write more about this on page 5. We also have our usual updates on all our stocks on pages 2 and 3, as well as a few ideas for you to mull over on page 4. So open up tonight’s Letter for all our latest thoughts.
