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[Weekend Summary] Dear Member: This short week saw the major averages gain back some ground, but in each case, they closed out the week without any clear breakthrough of important resistance levels. The Nasdaq Composite showed some strength, but not enough to conquer the resistance around 2534. The Dow and S&P 500 also each came to rest while still dealing with resistances around 12,750 and 1400 respectively. Until those levels are broken decisively,we are still just looking at a bullish retracement in a longer term bearish move. This week as Banco Bradesco SA (BBD) dealt with resistance I placed a stop loss order to protect profit in the position and did capture 20 cents a share in a two week trade. Before commission, the trade made about a half a percent per week. I still like this stock and want to watch to see if it can break resistance or at least provide another entry on a bounce off price or trend support. I also entered a new trade in Burger King Holdings (BKC)as it continued trending upward following a spike and retracement. This stock has been pretty faithful to the 40 day exponential moving average since February so I am watching it in relationship to that measurement. Ceragon (CRNT) continued to bump up along the uptrend that began back in March and Evergreen Inc Adv Fd (EAD)was up a little though it is generally just sliding sideways. Of course, the reason EAD is in my portfolio is to generate income and it continues to perform that duty as I had intended. I hope you have a great weekend. Thank you for subscribing. Bill
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