The bull market remains intact, most stocks and sectors are super-strong, and our market timing indicators are positive. Thus, the odds continue to favor higher prices in the weeks and months to come and you should remain heavily invested. That said, we’d be remiss if we didn’t mention that we’re seeing a couple of yellow flags -- investor sentiment is getting exuberant and many stocks are well extended to the upside. So some potholes could certainly arise in the near-term. But we think following the system (holding your best performers, cutting your laggards) will keep you on the right path. In tonight’s Letter, in fact, we’re doing just that, selling a piece of a laggard while averaging up on a true leader. Details on pages 2 and 3. On page 5, we talk about a good way to find potential big-winning stocks, highlighting one that we already own and another we think has lots of gas left in the tank. And you’ll get the usual array of new ideas on page 4, including one speculative biotech firm with great sponsorship that tried to break out of a base today. Plenty for everyone! So open up tonight’s Letter for all our latest thoughts and advice.
