Once again the market continues to demonstrate great resiliency. This week is could have been much more chaotic. It was down for the week, but we saw a nice rise on Friday after the opening drop. All of this with North Korea threatening war and a bad jobs report….. I was really glad to see the steady move upward on Friday.
My timing could have been better, but I did add to initial position in CHD and MCD for long term holdings and also picked up more IBB and IWM for a trade.
What did I see in my weekend review?
The 10-yr Treasury yield is at 1.69
IBD (Investor Business Daily): Dropped to: Uptrend Under Pressure
Copernicus Systems: Long, but it was close …IMHO
Moneys Flows: All positive, but all still trending down
Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
RGR -2.77% now at a loss, but perhaps the slide has stopped, one comfort is the 3.3% yield if I do hold this for a while.
GILD +9.37% down a little, will continue to hold as biotech’s appear very strong.
ETF’s for a trade are:
What will I do?
With the signals seen I should at least do some trimming; will likely sell EWAWill also look to sell JCOM at a modest profit, togethter these should net a little gain.
I would like to pick up YHOO after selling JCOM but will wait to see the events of the first part of next week
I hope you have a great week