Hey E:
Good to hear from you. What I've been doing:
I sold all semi's in Feb.for decent gains, mostly where the 50 days did not hold. I went up to 50-60% cash in most accounts as well. I started buying back early last week with buy targets at the 200 day, although I missed a few opps.
I bought QQQ at 34.2, IGW at 57.5, IGN at 29, IYW at 45, ISSI at 13.6, JNPR at 23.8, and several mutal funds to go back to 80-100% equity. Everything looks good so far with the Naz and other's bouncing nicely off the 200 days. I sold ISSI at 17 and JNPR at 26.2 yesterday at the close just for a good trade. I'm hoping for some overhead resistance on some 50 day lines for trading opps., but am holding most of the index funds, i-shares, and ETF's.
As for gold and oil:
I mentioned I stopped out of golds last month, but fell asleep on this new run of the last couple weeks and failed to buy back. I agree that gold seems to have put in a nice bottom just under 400 and should be bought in there (I'm hoping for a pullback so I can get my shares back). I totally missed any silver plays as well---what's the deal there? Basically flat for ten years, then boom!
I got stopped out on OIH as well at 72. I almost bought back at 67, but didn't; I still don't have a feel for that sector and thought perhaps the run is over? What could we expect seasonally?
Thanks for the input,
cb |
