10-19-2009, 11:58 AM
We are now in mid October and I have not been able to update on things recently because I have been incredibly busy with doing many other daily tasks. I apologize for this.
I still think the market has more of a bullish tint to it and have not covered or reduced my exposure to the upside. I actually became fully invested again early last week to take advantage of what I think is more short-term bullishness in my selective stock positions.
I honestly cannot explain everything going on but for now I am content holding Longs with trailing stops to protect those positions. Below are some little recent ideas tracking with updated comments....
Energy and metals continue to hold well today. Last week refinery (SUN, MRO) and some of the fertilizer (POT, CF, AGU) groups started to perform a little better. Also noticed that some of the select shipping (FRO) stocks acting like they want to start inching up a little but.... Holding steady on metals (BVN, etc), energy, some financials, some techs, some Chinese and Brazilian ADR's, to name a few areas still interesting. (GMCR)...
Interested action in LMT and COST this morning....
Overall, am content with my bullish positions.
I still think the market has more of a bullish tint to it and have not covered or reduced my exposure to the upside. I actually became fully invested again early last week to take advantage of what I think is more short-term bullishness in my selective stock positions.
I honestly cannot explain everything going on but for now I am content holding Longs with trailing stops to protect those positions. Below are some little recent ideas tracking with updated comments....
Energy and metals continue to hold well today. Last week refinery (SUN, MRO) and some of the fertilizer (POT, CF, AGU) groups started to perform a little better. Also noticed that some of the select shipping (FRO) stocks acting like they want to start inching up a little but.... Holding steady on metals (BVN, etc), energy, some financials, some techs, some Chinese and Brazilian ADR's, to name a few areas still interesting. (GMCR)...
Interested action in LMT and COST this morning....
Overall, am content with my bullish positions.
(09-29-2009 09:55 AM)Marc Rinehart Wrote: [ -> ]Tuesday, Sept 29 Update- We continue to remain optimist the market has not run out of steam and will not quit inching higher over time until, for example, the DJ Industrial can officially once again test 10,000... or even move up to my 10,400/10,500 next real target areas.