Fact: The broader media tends to cover the stock market only when it’s declining.
This week I want to emphasize the full force of retracement on Dow stocks you may be holding for the long-term or trading for the short-term. I’m sure you have noticed how The Walt Disney Company (DIS), Microsoft Corporation(MSFT), Apple, Inc. (AAPL), Mastercard Incorporated (MA), Visa Inc. (V) and The Home Depot, Inc. (HD) have all risen significantly off of their 3-month lows.
The Walt Disney Company (DIS):
March 23rd low of $86 to today’s close of $106 = $20 retracement
Microsoft Corporation (MSFT):
March 23rd low of $135 to today’s close of $178 = $43 retracement
Apple, Inc. (AAPL):
March 23rd low of $215 to today’s close of $283 = $68 retracement
Mastercard Incorporated (MA):
March 23rd low of $203 to today’s close of $259 = $56 retracement
Visa Inc. (V):
March 23rd low of $136 to today’s close of $159 = $23 retracement
The Home Depot, Inc. (HD):
March 20th low of $152 to today’s close of $209 = $57 retracement
Although this is a very difficult period for all of us, I want you to know that the financial markets will recover significantly over the next 24 months. The question is, “Will you be following WI discipline and reap the financial rewards?”
Over the next 24 months I am happy to be your guide to long-term wealth and residual income.
Now more than ever, stay positive!
Tyrone Jackson, The Wealthy Investor
