From the look of the daily SPY chart below, I believe the BULL is still in good shape. Notice that today low failed to break thru the half-way point of Friday bar and is currently resting on the 23.6% correction of Friday bar.
As luck would have it, 5 of my 7 stocks I bought last week are actually up today. I cut 1 of the 2 that did not perform well.
Current position:
32% stocks [DDD (up) SZYM (up) SSYS (up) AUY (up) WPRT (up) REMX (neutral to minor down) TQNT (cut) ]
9.6% long-term equity (taking a 0.4% hit today)
58.4% cash
Good Hunting!
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DDD looks solid. I won’t chase up here but I may regret that.
Today up day may be due to the market acceptance of the CUBE. See link below:
http://finance.yahoo.com/news/3d-systems-cube-r-home-132248376.html
If the revenues numbers also reflect the CUBE acceptance in the coming earning release, you won’t see this price anymore unless the stock market crash.
Thanks and Good Hunting!
$WPRT strong like bull. Nice entry after filled gap and held 200 day last week.
Thanks and I’m trying to add some more at $34.7x. I may get fill now that I see it break below $35.00.
I entered at that price as well. Its a long term hold position for me. love the potential here.
Good idea. If price could hold and move up from here, I may move it over to my long-term equity portfolio as well. I prefer to sit in long-term equity in green rather than in red…