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stock share, stock market index
[Weekend Summary]
Dear Member:
The Dow has now moved back up near a little resistance in the 13,500 range. Now the question is whether the resistance will hold or whether the 30 industrials will form a double top. All the major indices were up for the week and it was interesting to see the bounce back up after a sharp drop Friday morning when poor retail sales were announced. It looks like the market is speculating that the Fed will reduce interest rates next week. If they don't we could see an adverse reaction.
I opened a new position in Pfizer (PFE) this week. The stock had retraced and bounced to continue an uptrend that began around the middle of August.
The DB Commodity Index Tracking ETF (DBC) continued to move up this week and is now bumping its head on a little resistance. DBC provides some diversification from my stock positions and permits me to take a relatively generalized position in commodities.
Evergreen Income Advantage (EAD) is paying its' next monthly dividend of 10.83 cents per share on October 1st.
Realty Income (O) shares moved up $1.10 for the week. Toward the end of August the company announced an increase in monthly dividends from 12.775 cents to 13.55 cents a share. The dividends will continue to be paid on a monthly basis.
Palm, Inc. (PALM) has been bouncing around, but continues in the long term uptrend that began in the 2nd quarter of '05 on the weekly charts and the shorter term uptrend that began around the middle of August on the daily charts.
Have a great weekend.
Bill
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