[Weekend Summary]
Dear Member:
On Wednesday night, I returned from a fantastic fishing trip to Alaska. The weekend before I left, I gave our two day seminar, and what a success it was! Everyone immediately signed up for my one day Technical Trading Class. Don't worry, no sales pitch for the Technical Class since attendance at the 2 day SWAT class is a prerequisite.
The markets didn't do very much in my absence and wound up today pretty close to where they were when I left. I sent out alerts with my stops while I was gone and I think only one position closed out, and that was in the $10 and Under service where I was sold out of a position at a 10.6% profit before commissions in 15 days. The Dow 30 is still in an uptrend, but the down days seem to be attracting greater volume. The SP-500 and Nasdaq are marking time going sideways so we still have no clear direction of overall direction which is so important to trading equities.
My stop on Clear Channel Communications (CCU) was hit yesterday and the trade closed for a 48 cent a share profit before commission. That worked out to a 1.6% profit in just 15 days (about what the bank pays a year on some savings accounts).
I am still in Nuveen Senior Income (NSL) which, as of close today, is enjoying an unrealized gain of 4.2% plus the regular monthly dividend it has been paying. This one is just what I hoped when I bought it; a slow, steady climber paying out regular monthly income.
I do have some stocks I am watching for a possible entry next week. They include EZPW, ABAX, and, possibly, TWGP. Of course, any entry will depend on what they do early next week.
In the meantime, have a wonderful weekend.
Bill
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