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stock trader, stock share
[Weekend Summary]
Dear Member:
Another interesting week in the markets. Each of the major indices (Nasdaq, Dow Industrials, and SP-500) showed gains though the S & P only managed a point. More importantly in my judgment, each is now coming up to major levels of resistance. The Dow is again moving toward the magic 14,000 test, the Nasdaq 2725 and the SP-500 1553. Only time can tell us how each will react to these important levels, but we should find out soon.
Trend Trader was able to be a little more active this week closing two more winners (number 15 and 16 in a row for closed trades since February) in World Wrestling Entertainment (WWE) which only made 17 cents and Powershares DB Commodity Index tracking (DBC) which brought home a more satisfying $1.10 a share gain before commission.
In addition, I added a position in TBS International (TBSI). The stock is in an uptrend that began in mid-August and has been consolidating over the last week or so. I am looking for a break out on this one.
Palm, Inc. moved up for the 4th straight week and is returning to territory where I initially entered.
Pfizer (PFE) has dipped a nickel below my entry, but is compressing into an ascending triangle which often is a precursor of a bullish breakout. I should know very soon on this one.
Evergreen Income Adv Fd (EAD) is doing what it is supposed to do -- supplying monthly income. The fund went ex-dividend again on Sept 21st and is scheduled to pay another 11.56 cents a share on October 15th to holders of record on October 11th.
Thanks for subscribing and have a wonderful weekend.
Bill
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