|
|
stock option, stock market today
[Weekend Summary]
Dear Member:
Certainly a less than inspiring week for the bulls though I was relatively pleased in my own trades in my Trend, Option and $10 services. While volatilities moved back up, the Dow and S&P 500 each turned down from triple top resistances while the Nasdaq did the same from a double top resistance. Each of these major indices broke down through the shorter term up trend lines. For now, important resistances are around 2400 for the Nasdaq, 12,750 on the Dow and 1400 on the S&P. Until then, the bull is not on the rampage.
I entered a position in LSI Corporation (LSI) this week as it broke above a resistance. It is still dealing with that resistance, but I am reasonably satisfied with the action particularly in light of the market movement this week.
Blackrock Sr Hi Income Fd (ARK) went ex-dividend today and is paying another monthly dividend on the 30th. It made a nice move up on Monday and was able to hold the gain through the week. This one has been good to me over the long haul.
Alesco Financial (AFN) is also a value type play paying very high dividends (over 30%). When I can find one like this, I enjoy the benefits.
City Telecom HK (CTEL)spiked during the week on news that a subsidiary had received an important award for being the 'best of the best' in Hong Kong internet service. The stock is still consolidating and while it requires some patience, I don't look at consolidation as a bad thing.
Introgen (INGN) has risen since the end of March. It remains a play "on the come." I hold it awaiting news on final phase testing of the cancer treatment currently underway.
Have a great weekend.
Bill
|
Home |
Subscribe |
All Rights Reserved |
Privacy Policy |
Advertising |
Contact Us |
Terms of Use |
Disclaimer |
Links
|
stock option
stock market today
|
