Simply Another Drop, Another Peak

 

The DJIA dropped and then popped this week to continue the saw toothed patterned trend, so no upward rally this week, just more of the same as we continue to ratchet slowly upward….but that is not all bad.

My buys were not great this week. I missed some that would have been good such as the pop in CRUS. This was on my list, but I chose poorly. I also considered MON, but missed it as well.  MLNX did fine, but RGR disappointed and I am not sure why this happened.

I sold BIIB for a modest profit and picked up IBB to replace it…but with poor timing.

AAPL is doing well recently. I do not track it here as it is a long term holding

So what did I see in my weekend review?

 The 10-yr Treasury yield is slightly to 1.58

IBD (Investor Business Daily) continues:  Confirmed Up Trend 

Copernicus Systems: Is still long, still mixed.

Moneys Flows continue up is all 3/3 portfolios but now divergences in 2/3 in prices. 

IBD 50 Top Five:

ALXN, CTRX, SWI, MLNX, AAPL

Last Week:

ALXN, SWI, MLNX, CRUS, HMSY

Copernicus Top Stocks are:

AMGN, EBAY, WMT, ARBA, MRK

Last Week:

AMGN, WMT, ARBA, MRK, EBAY

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

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

RGR -3.44%

IBD 50 Basket Holdings Are:

AMGN -1.19%

MLNX 2.56%

WMT .35%

 ETF’s for a trade are:

GLD -5.62%

IBB -3.83%

What will I do?

I won’t make any buys this week, will see if RGR and IBB can recover, they have the potential to do so.

I hope you have a great week.