Sunday, February 26, 2012

Time to take a little profit

Time to take a little profit and cover a little loss, more on that later.

I sense a little rotation in the ETF’s. Actually I have been watching this for a few weeks as the market ETF’s seem to crowd out the sector ETF’s. I have not followed this for a long time, but would seem to not be a good sign. However the global ETF’s seem to be a little stronger to me, or perhaps less threatened by this.

So what did I see in my weekend review?

The 10-yr Treasury yield is at 1.98%.

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 are now showing a slight divergence with 2 out of 3 money flows down and yet the stock prices are still up.

IBD 50 Top Four: ALXN, GNC, LULU, LQDT I have decided to start tracking these and see what I can glean from this ranking system. These all should be excellent stocks and performing well. Perhaps this will be good for a momentum investor such as myself. I think I need to find a way to catch them when they enter the top ranking, perhaps number 4 position, but the first step is just to watch them a little closer

What will I do?

First I will be selling the last of my GILD, this is sad one as I let a nice profit slip away and recovery just does not seem to be happening now.

Next I will sell XLF, XLY and XLI all with modest profits. These are dropping in the rankings, but they could sure be revisited

Last an ETF that I have not mentioned but one that I have bought twice is RSU , which is a levered S & P 500. I may sell all or half, not sure yet.

I just don’t “feel” like buying anything, and that is okay, perhaps next week I will pick up some additional global EFT’s I have my eye on, if they continue to improve.

Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
AAPL  +28.62%, +6.36%, +46.61% this one is just singing
GILD  -.3.99, -6.26 - Adios
JBL  +.04%
PCLN +.92% what a great business model this company has

ETF’s for a trade are:

GLD -.02%, +10.41% a nice little gain this week
SPY  +5.25%
IBB   +5.07, -.73%
XLF  +3.60%, +.14% - Adios
XLY  +4.10% - Adios
XLI   +3.54% - Adios
EEM +1.84%
EPI -1.33%
EWZ + 1.93% this has been a great ETF in years past, hope it is poised to do the same again; at least it is off to a pleasing start
RSU  +.04%, +2.85%, not sure about you yet

I hope you have a great week.