Yes, 17% gains in AAPL in the last 30 days causes concern. No stock goes up forever, so this is due for a correction. The company sure seems to be doing well with the price doubling over the last two years and it sure seems that the rise should continue as the profits continue. I think I will just keep riding this one and if the corrections comes…just buy more. I did buy more this week when it was at a high.
I keep adding GILD each week, which has done very well for me, but the purchase this last week finally showed a loss. It is too soon to draw further conclusions on this one yet.
So what did I see in my weekend review?
The 10-yr Treasury yield is at 1.97%.
IBD (Investor Business Daily) continues: Market in Confirmed Up Trend.
Copernicus Systems is still showing to be long in the market (but not 100% in all systems). Money Flows continue nicely in 2 out of 3 categories.
Stocks of interest are DELL (yes DELL), JBL and PCLN, may just watch, not sure.
ETF’s of interest are: EEM, EWZ and EPI…I probably should have already loaded up on EWZ
What will I do?
Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
AAPL +21.48%, +38.47%, .46%
GILD +14.02%, +11.33%, 19.44%, -3.26%
ETF’s for a trade are:
GLD -2.98%, +7.15%
IBB +4.56, -1.21%
I hope you have a great week.