[Weekend Summary]
Dear Member:
A strong week for the indices. The Dow Industrials may be flirting with all time highs. While much further from that summit, the SP-500, and to a somewhat lesser degree, the Nasdaq are pushing in that direction as well. As it seems that the markets are returning to an overall bullish direction, I have increased the pace of my trading somewhat. Historically, September and October have provided some real drops, but they can also be a time to find good bullish entries.
Good old Nuveen Senior Income (NSL) continues to churn out the monthly dividends and the stock has continued to rise, gently, but surely. This week, I added Abaxis (ABAX) to my portfolio. Though it is down a bit from my entry price, I'm still happy with the position. The stock has stayed above the trend and the 50 day moving average so I see no reason to do anything but hold for now.
Some stocks, such as NDAQ, look like they could break some important resistances and that could well have me jump into some more new position.
Have a good weekend.
Bill
|
