I never see any small squirrels. I do see different varieties come and go and sure see plenty of squirrels, but no small baby squirrels. After little research, I found they simply stay very close to the nest until they are of competitive size and the ones seen that are extra playful are the young squirrels.
What does this have to do with my weekend stock review?
Market forces drive the market, perhaps we don’t always see them or understand them but they are there nonetheless.
As to the visible forces we know we have European issues that have repeatedly distracted our markets. We also have the visible success of Apple and the concerned that this success cannot go on forever. (However it is still a "cheap" stock with EPS of 15.68 which is much lower that its contemporaries). We know that the basic economics of supply and demand are always at play. Then at times we just don’t know what has driven the markets up or down…but up and down they go.
This week I made some buys on Mondays, which was a down day....but it turned out that Tuesday was a really a down day. Wednesday was down a little more. Then it looked as if Thursday was a recovery and I thought Friday might continue this trend, but no not a chance, another down day and I’m not sure why.
Looking for some good news the S&P 500 did not drop to 1396. This had been cited by a Technician as one of the Fibonacci numbers, that if breached, signaled a greater drop going forward.
What did I see in my weekend review?
The 10-yr Treasury yield is now down to 1.64
IBD (Investor Business Daily) continues: Confirmed Up Trend
Copernicus Systems: Is now short, but still mixed. I see a rotation here, but can not define it better than that.
Moneys Flows now has money flows all down, not good and portfolio prices downward also.
Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
FRAN -9.46% (I plan on selling this retail stock on or before Dec 1)
ALGN -1.39%
RAX +1.13%
ALXN +1.09%
ETF’s
for a trade are:
GLD +4.29%
EWG -2.99%
IWM -1.77%
SLV +1.36%
What
will I do?
I hope you have a great week.
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