[Weekend Summary]
Dear Member:
The NASDAQ and S&P 500 were each up modestly for the week while the Dow dropped about 24 points. All the indices retreated on Friday during the shortened trading day, which tells us very little. As my Newsletter article this weekend indicates, it would not be unusual to have a retracement in early December preceding a Santa Claus rally during the latter part of December.
PPL Corporation (PPL) is looking very healthy and had a big day Friday gaining over 2.5%. It remains in an uptrend.
Global Imaging Systems (GISX) was down $.68 for the week, but the good news is that it retreated to the uptrend line and bounced.
Nuveen Sr. Income Fund (NSL)held at support, remains a terrific income producer paying nearly 9% on an annual basis at my entry price, and does it monthly. I am considering adding to my position on a bounce.
I hope you have enjoyed a wonderful Thanksgiving and will have a great weekend.
Bill
|
