A Thing of Beauty

I like charts.I am not a technical analyst by any means, but sometimes I see a chart that I just appreciate. Take the one-year chart of the S & P 500; it could not be any prettier.

I don’t know what the future holds but the market has been steadily marching upward.

Apple reports on Monday, so does Biogen, some nice profits from these two would be helpful in getting the week started well.

What did I see in my weekend review?

The 10-yr Treasury yield still slowly dropping, now  2.503 %

IBD (Investor Business Daily):  Confirmed Uptrend

Copernicus Systems: Long, but mixed IMHO

Moneys Flows:  positive, all stock portfolio prices are positive

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

ABX +5.04, a crazy stock and I love it this week.

ETF’s for a trade are:

QQQ +12.17% 

IWM +12.06%

IBB +4.64%

What will I do?

No plans, just rocking along.

FSLR is up in the rankings I follow…and rapidly doing so. I took a quick look and was surprised to see that it is profitable, but I think I will pass.

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I hope you have a great week.

Tech Leads the Stampede

IBD sites a "Tech Stampede" with the NASDQ closing at a high not seen since 2000

 

Google jumped 122 points on Friday for a 14% gain to put it into the $1000+ share club. 

Why is this? They did it they old fashioned way, they it earned it, with earning up 21%.

But it’s not only tech in the stampede as the S&P 500 hit an all-time high.

Athena Health jumped 24% on Friday

Chipotle climbed 16%

Amazon was up 6% and I don’t think they have ever made a profit

What did I see in my weekend review?

The 10-yr Treasury yield drops a little to 2.59 %

IBD (Investor Business Daily) switched to : Confirmed Uptrend

Copernicus Systems: Long, but mixed IMHO

Moneys Flows:  positive, all stock portfolio prices are now positive

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

ABX -3.41%, recovering nicely after last week, but still at a net loss

ETF’s for a trade are:

QQQ +11.16% 

IWM +11.67%

IBB +2.30%, now positive once again

What will I do?

I have missed some nice gains in SOHU, YHOO, CRM and PCLN, but there will no doubt be future opportunities.

I hope you have a great week.

Payday Someday

Per a CNBC post: “Throw the bums out. That's the message 60 percent of Americans are sending to Washington in a new NBC News/Wall Street Journal poll, saying if they had the chance to vote to defeat and replace every single member of Congress”

However if the government continues to stay closed and Social Security checks and military pay stop this this percentage would quickly approach 100%.....but a resolution to the continued deficient spending is needed or to quote Dr. R.G. Lee there will be a “Payday Someday”.

It’s just impossible to imagine that this will not get resolved before we can no longer print these checks. What politician dares getting saddled with the mantle of having been responsible for stopping these payments? But government shutdown seems to be the only way that the present parties can negotiate. Does that action make “Payday Someday” inevitable as deficient spending goes on unresolved and unrestrained?

Enough gloom and doom, it seems clear to me that the present issue will get resolved, the debt ceiling raised once more and the checks printed,  but perhaps not without additional volatility to create more buying opportunities.

What did I see in my weekend review?

The 10-yr Treasury yield 2.682 %

IBD (Investor Business Daily) continues: Uptrend Under Pressure

Copernicus Systems: Long, but mixed IMHO

Moneys Flows:  still positive

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

ABX -10.14%

ETF’s for a trade are:

QQQ +7.21% 

IWM +8.63%

IBB -.67%

What will I do?

I confess once again I just am not nimble to nor currently have time available to pick up bargains and stocks on sale, but if the opportunities arise adding to the above current positions would be just fine with me along with additions such as: SOHU, YHOO, CRM and PCLN.

I hope you have a great week.