Pre Market Gaps SEP 4, 2024

Stocks are active here in the Pre Market this morning, a lot of selling and some buying too. The names being bought are mostly inverse to what investors want to see. Names correlated to the VIX are on the rise again, not a comforting sign for those seeking stability within the markets.

NVDA is down another 2% here in the Pre. It is up off of it’s over night lows where it flirted with hitting that dreaded $100.00 mark. Currently it sits at $105.00

Two months ago, on June 28, 2024 to be exact. I wrote a post here at investingwithfaith.com titled The “Model Portfolio.” In it I shared how monthly rebalancing of portfolios worked. That’s what I have been doing a lot of here lately, exiting the weak, adding to the strong while rotating fresh ideas. What’s strong you ask? Well SFM that we posted about back on May 3, 2024 is still ”sprouting”

The rotation I mentioned 2 weeks ago is here, in a big way. That doesn’t mean all hope is lost, if you are down that you are out, or that this will last forever, it won’t. And it doesn’t mean we simply “Hold and Hope,” that’s the death of growth.. Let’s start taking a deeper dive into rebalancing and what it looks like in this market. More on that soon, very very soon…….

S+P 500 is down a bit here in the Pre, all of the indexes are. New Support is hovering at 5,470….. Time to grind…..

Invest wisely, live charitably and be well

Brother Bill