[Weekend Summary]
Dear Member:
Maybe its me, but it looks like the bullish move may be losing a little steam. It seems like the markets, particularly the Dow 30 Industrials could use a little breather. The SP-500 and Nasdaq were pretty flat over the week span and the Dow only gained a little over 60 points. None of those averages were able to regain Thursday's losses on Friday, but all are still in bullish uptrends.
I closed the Greenbrier Companies (GBX) for a fairly quick profit. It may provide another opportunity fairly soon since it is close to a resistance on the one hand and could retreat to the uptrend and bounce again. Nothing to do but watch for now.
I bought the ETF for a China Portfolio (PGJ)a couple of days ago and it made a very strong move up today on significant volume. It is still dealing with a price support and uptrend line, but so far, it looks promising.
Palm, Inc. (PALM) fell to support, but the good news is that the support has held so far.
The income producers are all doing fine or better. Realty Income (O) has not shown any price appreciation, but is operating within a channel and providing a decent dividend return. Evergreen Adv Inc (EAD) has been moving up in price as well as offering a high yield (over 9%). Nuveen Senior Income (NSL) is preparing to pay another dividend and with its price increase since my entry is a terrific argument for slow and steady wins the race.
Have a great weekend.
Bill
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