Dear Member:
The markets gave off some mixed signals over the past week. Each major index was down slightly but on lighter volume. At the same time, each broke the recent up trend line. However, at the same time, volatilities were flat to declining, which often is a bullish signal. It is a time, again, to wait and see what's going on.
I stood pat for the week which does happen occasionally, particularly when we have a market that is giving mixed signals.
CommonTouch Softwasre (CTCH), Mindspeed (MSPD), and Denny's (DENN) were all flat for the week.
Emcore (EMKR) was up a bit for the week but is still trading in a
Sanmina (SANM) is back up to its entry price and remains in an uptrend. I like what this stock is showing me so far.
Taiwan Semiconductor (TSM) is on probation but bounced back up some from a support on Friday and has created a double bottom this one could move from here.
Black Rock Senior High Income (ARK) remains above the trend line and continues to pay a very nice dividend on a monthly basis.
I will be looking hard for an entry this coming week to see if I can add to some of my positions.
Have a great weekend!
Bill
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