It was so nice to see the DJIA close
above 13,000 again, but does it have staying power?
From the chart above it can be seen
that from the recent low in June we are now at the top of the peak of the
fourth speed bump. It can be viewed as a rough road to travel, but upwards
nonetheless.
Where does it go from here? Is this truly
just the top of a speed bump or the start of a new rally? I’m not sure, but I will
be looking at some buys.
So what
did I see in my weekend review?
The 10-yr Treasury yield is up
this week to 1.55…not a good sign, but too soon to be meaningful.
IBD (Investor Business Daily) as expected after the recent upturn is now: Confirmed Up Trend
Copernicus Systems: Is still long, but still mixed.
Moneys Flows
are now up in all 3/3 portfolios and now no divergences in prices. Those that read this blog closely
may remember that last week it was noted: “Moneys
Flows are now down in 3/3 portfolios, but a divergence in price is now
seen; this is usually worth attention.” ….so it was worth attention
IBD 50 Top Five:
ALXN, SWI, MLNX, CRUS,
HMSY, quite a bit of juggling
Last Week:
MLNX, AAPL, ALXN, GNC,
CRUS
Copernicus Top Stocks
are:
AMBN, WMT, ARBA, MRK,
EBAY, and more juggling here as well.
Last Week:
ARBA, WMT, AAPL, BIIB,
DIS
Currently my
"Stocks for a Trade" now consists of:
(All
gains or losses shown are the total since purchase)
BIIB 2.06 % and now profitable
IBD
50 Basket Holdings Are:
None
at this time
ETF’s
for a trade are:
GLD (3) buys for -4.41%, up a
tad
What
will I do?
It was good to see DOV, one of the dividend
payers make a 4% gain on Friday. This one has been asleep for some time.This was a good reinforcment of needing to strengthen positions in these good solid companies.
I will be looking further at taking positions
in MLNX, CRUS, AMGN and even WMT. These are all selected from the two groups of
5 above.
I am also intrigued with RGR which
has not returned to IBD top 5 but it has been on a nice trend.
I hope you have a great week.
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