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stock help, dividend stock
[Weekend Summary]
Dear Member:
After a relatively wild week, it looks like we might finally be getting a signal that the markets may be returning to the bullish side. The Dow, Nasdaq, and SP-500 all have poked their heads back up through the downtrend line today to barely save the week for the bulls. Clearly, the President helped with the efforts to assist homeowners in trouble with their mortgages by easing the ability to refinance. Next week should really help tell the tale as the big boys return to the marketplace. For the moment, at least, things are looking more bullish.
I added a position this week for the first time in a little while. World Wrestling Entertainment (WWE) broke the neckline of a reverse head and shoulders to provide an entry. The stock is up a few pennies since my Thursday entry.
Evergreen Income Adv Fd (EAD) has been advancing since its bottom on the 16th and continues to pay a really strong dividend.
Realty Income (O) is also moving back up and pays a nice dividend though not quite at the very lofty level of EAD.
Both Palm, Inc (PALM) and the DB Commodities Index tracker (DBC) are down from my entry, but are in a consolidation and are now showing some signs of renewed bullishness with positive DMI.
I hope you have a wonderful Labor Day weekend. Thank you for subscribing.
Bill
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