What a week last week was!
I was really concerned when the Middle East dominated the news, the profit taking began and I wondered where the market might end up. Those concerns seems to have settled down, so we can now watch and see if the uptrend resumes...Why Not?
My interpretation of Copernicus Systems is to be long in the Market. I continue to see a lot of stocks of interest. Some of these still look a little paused, but I will look further at: CTXS, NTES, and DD. CVX keeps popping up and looks good to me, but I already have that in my dividend portfolio....would it be silly to also own it for a trade?
IBD has understandably changed their Market Outlook to "Uptrend Under Pressure"
Last week was a little wake-up call about the need to be prudent, so I will be in a "protect capital mode" for the near term and may not make any purchases
My "Stocks for a Trade" now consists of:
KLAC up 6.3 %
CMG up .51 % Looking a Little battered after last week
EMC up 9.04 % Held up fairly well
AAPL up 9.83 %....actually seemed to find its footing last week
The leveraged ETF's for a trade:
BGU up 3.35 %
AGQ up 3.34 % This is a leveraged silver ETF. It was added during a time of concern (panic) but I will let the sell rules take it from here
For normal ETF's, I still have both OIH and XLE. (oil ETF's), which of course are doing fine and XLF which held on.
FAS was sold last week when it fell out of the bottom of the box (I do have losses)
SOXL was sold on Monday but due to it going out of the top of the box...a little late but still picked up a 14.2 % gain. It had been up over 20% so I held on to this one too long. This is an interesting ETF, I see it is already moving up again...Hmm
Have a great week week!