[Weekend Summary]
Dear Member:
The markets certainly are looking more bullish though we may just be seeing a little bear market rally. The Dow was up for the week and has managed to get above the 13000 level. The same is true with the S&P dealing with the 1400 level. The Nasdaq Composite ran into a little trouble as it tried but failed to get above 2500. Though there has been some bullishness, I am not terribly impressed by the volume which has been a bit tentative. In other words, a little snorting and pawing, but no real charge yet.
Some positive action when I was able to close my trade on US Shipping Partners LP (USS) for a 7% gain before a small commission in only 11 days. As I noted in the first paragraph, my leaning is becoming more bullish though I am not completely convinced yet. It does look like there are more positive candidates for Trend Trader than there have been in a while.
Evergreen Inc Adv Fd (EAD) continued its upward march while paying another regular (and strong) dividend.
Nothing new to report on Ceragon (CRNT) which has turned out to be nothing other than a vehicle to sell covered calls or a tax loss so far.
Thanks for the many kind words about my book, "Trade Your Way to Wealth," and thanks for subscribing.
Bill
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