In summary, the line of list resistance continues to be to the upside. The momentum is strong and positive which has made the market overbought in a general sense, but overbought doesn't mean sell. Stay alert, markets can turn on a dime, and don't forget to enjoy the ride.

Contrary to what some believe, the stock market doesn’t trade on some formula or “intrinsic value” such as P/E ratios or price-to-book, etc. If analyzing balance sheets were the Holy Grail for stock investing, accountants would be the world’s greatest and richest traders.

Commodity returns not seen so bad since before WW2.

 

"No one can succeed and remain successful without the friendly cooperation of others."

The best way to get friendly cooperation is to give it. When you make it a practice to encourage others and to help them advance in their careers whenever possible, most will reciprocate when you need their help. Give generously, and you will benefit in kind.

New IPO - COIN.

 

Party at the mansion -)

 

Believe in what you see, not what you believe. The line of least resistance is still to the upside, but remember that markets look best at their highs and worst at their lows.

April is historically a great month for the stock market.

Over the past two decades, from 2000 to 2020, April has been the best month of the year with an average return of 2.5% and a positive return 80% of the time.

The SP-500 support now at 3870 area.

XLE