[Weekend Summary]
Dear Member:
Volatilities steadied a bit toward the end of the week and I saw a few more equities begin to give some bullish signs. The Nasdaq enjoyed a very slight gain and the Dow and S&P 500 experienced relatively light losses. Both the latter have come down from head and shoulders patterns on the weekly charts and rested near levels of modest support by Friday close. There is still no clear indication in my mind that the bear is finished, but there seems to be a more bullish feel (however slight) than there has been in the recent past.
I found one I liked today in the MFS Investment Grade Muni Trust (CXH) which pays a generous monthly (federally tax free) dividend, but did not get filled on my $9.25 limit order. I'll look at CXH along with a couple of others in the same category early next week.
Introgen (INGN) hopped up nicely this week and City Telecom HK (CTEL) also managed a 6.8% gain from the low to the close this week. INGN, of course, is a play that is ultimately dependent on FDA action regarding the final phase cancer treatment testing.
Blackrock Sr Hi Inc (ARK) also moved up over the course of the week and continues to steadily pay a generous dividend.
Thanks to those of you have purchased "Trade Your Way to Wealth." I sincerely hope you find the book helpful and informative. Thanks, too, to each of you for subscribing.
Have a great weekend.
Bill
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