Sunday, June 24, 2012

More Of The Same


Tuesday we saw a little pop-up, Wednesday was sideways, Thursday was a big drop and then Friday  a little claw back. For the week the DJIA was down .9%

Is Greece out the picture now? …I doubt that we have seen the last of the European distractions 

So we continue with no clear picture…again

So what did I see in my weekend review?

The 10-yr Treasury yield is now at 1.67, now up a little  

IBD (Investor Business Daily) now has dropped to: Up Trend Under Pressure

Copernicus Systems: Is still mixed, but short.

Moneys flows are up in 3/3 portfolios, but only 2/3 portfolios are up in price.

IBD 50 Top Five: 

QCOR, SXCI, ALXN, GNC, SWI

Last Week:

LQDT, QCOR, SXCI, ALXN, MLNX

Copernicus Top Stocks are: 

ARBA, EBAY, BIIB, DIS, WMT

Last Week:

ARBA, NTES, WMT, T, EBAY

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

None at this time

 IBD 50 Basket Holdings Are:

None at this time

 ETF’s for a trade are:

(All gains or losses shown are the total since purchase)

GLD (3) buys for -7.39%  

SH -3.31%

SDS -6.86%

What will I do?

Once again I did not close out the short ETF’s….will I ever? (Yes)

I noticed that LQDT had a nasty drop this week, but all of the stocks in both top five groups above clawed up in ratings except for ARBA which was already in a number one spot and WMT which did drop a couple of spots...not sure what to make of this, but it is interesting

I hope you have a great week

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