Sunday, March 2, 2014

Time For A Pullback?

We could be seeing a pullback soon, perhaps another mini-correction. This is compounded by the Russian invasion of the Ukraine, but have you noticed that it’s reported as an invasion of Crimea, sort of ignoring it’s an invasion of the Ukraine. The markets hate unknowns, but my thought today is that this too shall pass and perhaps quickly. The Russians have what they want and perhaps all of this will be pacified with some sort of face saving agreement for all.

However, wars and rumor of wars do affect markets.
For now the Cramer stocks are doing fine. The momentum stocks are doing a little better…, as they should.

For reference Cramer’s list of stock to own: GOOG,  GE, JCI, BAC, CIEN,  XLNX, AAPL, CAT, BA, JNJ and  TJX.  Cramer’s list of companies that he considered to be well managed: MMM, WFM and  HON.

What did I see in my weekend review?

The 10-yr Treasury yield
is 2.73 %
IBD (Investor Business Daily) is now Confirmed Up Trend

Copernicus Systems: Long IMHO, but the charts are what are telling me its time for a little pullback.

Moneys Flows:  all positive, but the internet portfolio is just barely positive


HAIN +2.16 %, now moving in the right direction

Momentum Stocks:
AMZN +3.12 a nice turn this week

TSLA +9.65%, bought more this week
PCLN +5.63%

SCTY +1.66%, another Elon Musk company picked up this week that is just as hot (and just as risky) as TSLA

QQQ +4.57%

QLD +1.44%

IWM +1.80%
IBB +3.7% ….bit of a stumble

SPY +.25%

Cramer Picks:
BAC -.83%

CAT +6.03%
CIEN +4.67%

GOOG +4.80

XLNX +9.20%
HON +4.84%

BA +1.66%

What will I do?

If the market does drop it's time to add more to existing positions, but if the tone of the market looks poorly then it will be time to put in the stops.

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