So what did I see in my weekend review?
The 10-yr Treasury yield is now at 1.84%, still creeping lower.
IBD (Investor Business Daily) continues to have: Market in Correction
Copernicus Systems: Continued to be mixed in my opinion, but money flows are now down in 3/3 portfolios
IBD 50 Top Five:
LQDT, SXCI, GNC, RGR, AAPL
LQDT, RGR, SXCI, GNC, ALXN
Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
RGR +.40% The action here, like other market leaders, has not been good but may be turning, will give it a little more room for now
PCLN +15.29% another damaged leader. I have this at a -14.71% using the box theory…should have already sold, but will sell now and take the gain. Hope to revisit soon.
EBAY -1.65%, has actually recovered a little
IBD 50 Basket Holdings Are:
SXCI +.19 % down a little for the past week
ALXN -5.04%, still slumping downward.
ETF’s for a trade are:
GLD (3) buys for -6.83% Gold still dropping, perhaps time to buy more soon
IBB (2) buys for +7.32%, doing nicely
XLY -3.55%, still has hope
What will I do?
I will sell PCLN for now and lock in the remaining profit. Tempted to sell more but will let the box theory rules guide me for now. Buying seems out of the question, but so does shorting. Raising cash is probably a good plan for now
I hope you have a great week.