Good morning folks.

The path of least resistance for the market is starting to shift back higher, favoring the bulls once again. We don’t have to game near-term swings in the market though, so let’s stick to our playbook.

Qualcomm breaking through to new highs since we bought it a couple months ago. Steady as she goes there for now as I think the longer-term set up and valuation in this stock remain compelling.

We’re taking Amaris and Lyncoln to a niece’s graduation this weekend in Truth or Consequences, NM. We have a big bus RV that we’ve basically converted into a mobile medical unit that has all our equipment for Amaris. But it will obviously be a challenge this weekend.

On Sunday night, I catch the redeye direct flight from Albuquerque to NYC for four days of meetings, appearances, networking and friends. I’ll be trying to keep a near-regular writing schedule while I’m there and will probably be adding at least one or two more names to my new Teenager Stock Basket next week too.

Don’t just make trades for the sake of making trades. Don’t just buy stocks for the sake of buying stocks. Don’t invest just for the sake of being invested. Be vigilant, have a playbook and keep ourselves as objective as possible.