[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 entered a new position in Dialysis Corporation of America (DCAI) this week and it has moved a few pennies in the right direction.
Blackrock Sr Hi Income (ARK) is chugging along regularly treating me to some very nice interest payments.
Introgen (INGN), though moving sideways, is now showing some bullish indications with positive DMI and MACD. As I say every week, this one is a stock I am playing in anticipation of news concerning its final phase cancer treatment testing.
For those who read the free Newsletter, you'll see I mentioned BLTI as a candidate on my radar screen. I probably would have entered a position today if it had not been the Friday before a three day holiday weekend. I will want to look carefully at this one on Tuesday.
Have a great Labor Day weekend. Thank you for subscribing.
Bill
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