[Weekend Summary]
Dear Member:
The market fizzled a bit today after a four day movement up. There is still some positive for the bulls in that today's volume was relatively light. Frequently light volume on a down move is a down day is bullish since the direction of the move is not strongly supported by the volume. The NASDAQ did stop at a little resistance and the Dow Industrials couldn't hold above a new all time high. I suspect the bulls are still in control, but they certainly aren't raging.
I sold Cameron (CAM) at a profit and Abaxis (ABAX). Fortunately the profit was 30 cents greater than the loss so I profited overall.
I also bought some Quicksilver (KWK) this week and it closed the week up 44 cents over the entry price.
I guess I sound like a stuck record (for those of you who remember records) when I sing the praises of Nuveen Senior Income Fund (NSL), but it has continued to climb and it has continued to pay out monthly dividends. This one is a definite example of slow and steady winning the race.
Have a great weekend and thanks for subscribing.
Bill
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