Sunday, September 15, 2013


Last week I noted “…. I just don’t see missiles getting launched, so I’m looking for something else to occur to show it is no longer needed, but I have no idea what that might be. Perhaps the missile launch will simply be replaced with some other ultimatum.”

I had no idea that a Sunday afternoon conclusion would be validated so quickly or that it would be Russian intervention that would stall things. This weekend, attention to Syria already seems to be fading as it now seems resolution will drag on for a long, long time…if ever.

Last week I felt the need to get more info the market, for some reason I seem less interested this week, but it does seem that the correct position is to be Long.

IBD cites “Stocks rose modestly Friday despite weaker-than-expected consumer confidence and retail sales data” and “For the week, the Dow rose 3%; the IBD 50, 2.7%; the S&P 500, 2%; and the Nasdaq, 1.7%. Apple's 7% drop for the week hurt the Nasdaq.

I suspect we will hear more from Carl Icahn soon. I don’t hear anyone predicting Icahn will do anything major at Apple, but he is unpredictable and no doubt see an opportunity in undervalued APPL.  He has also been ruthless at times in the past and Apple immense size probably is not the issue that some think, it just means he needs assistance or leverage.

I was able to begin adjustments to my dividend payers and price growers. I had already sold DPS and KSU.

This week I trimmed positions in CVX, GE, GWW and HRL to make room for SBUX, BMY and TSCO. I hope to add KMB, NKSH, CB and TCAP

What did I see in my weekend review?

The 10-yr Treasury yield now 2.898 %
IBD (Investor Business Daily) switched to: Confirmed Up Trend
Copernicus Systems: Long, but mixed

Moneys Flows:  still positive with 1/3 trending higher and portfolio price all pointing higher

Currently my "Stocks for a Trade" now consists of:

ABX -7.58%, normally time to cut losses, but this one may be well worth taking as a long term holding. My friend Jim was kind enough to point out a recent Barron’s article is likely to result in some favorable action. I have not read the Barron’s article but I have seen suggestions that this action could be soon. Thanks for the tip Jim!

ETF’s for a trade are:

QQQ +5.63% 

IWM +5.74%

IBB +2.66%

What will I do?

Try to complete Dividend Payers and Price Growers adjustments other than that…. I’m just not sure.

I hope you have a great week.

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