[Weekend Summary]
Dear Member:
The markets are showing some signs that they may have gotten a bit ahead of themselves if not that they are ready to retrace a little. Among the major averages, only the Nasdaq was up for the week. It, along with the Dow Industrials and the SP-500 were down Friday on average or slightly above average volume. Meanwhile, volatilities were creeping up suggesting a slightly more bearish tilt. My services had a mixed week from a winner I closed in the nick of time in the $10 Trader to realizing a couple of crummy losses in Option Trader. Trend Trader added a couple of positions and held its own.
I added CDC Corp (CHINA) this week. I have played it successfully a couple of times with $10 Trader and now it has moved above that level. I am early in the trade, but it has remained faithful to the 18 day moving average which should provide a pretty good barometer.
Today, I added Evergreen Income Adv Fd (EAD) as it broke above a little resistance. As I said in the alert, it pays a great dividend (around 9.6% annually at my entry) on a monthly basis and has not been very volatile. I am looking at this one as a companion to NSL.
Speaking of which -- I sound like a broken record with Nuveen Senior Income (NSL) which continues to throw nickles into my bank every month as it continues in its uptrend.
Thank you for subscribing and have a good weekend.
Bill
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