"A close above 7700 Dow puts us above the down trendline"
Hi Jim,
7698....(!) pretty close!
Well, I'm quite amazed by the last three day rally. I feel like my declaration of going 100% cash right before it must have helped. <gg>
(and to make matters worse, I'm embarrassed to say, I had actually shorted SPY [the S&P500 closed end fund], and one I won't mention (heh heh)...closed them first thing this morning once I heard about the world markets...but still, ouch!)
Hope I don't become a contrarian indicator!
I agree with you Jim, about sticking with strong RS stocks. I've been trying to keep myself to stocks with both strong RS and EPS ratings from IBD, on top of strong technicals.
Today I reopened long positions with these stocks:
RECY [EPS 50/RS 99] (my favorite of the POWS, and I'm not just trying to get on your good side Jim ;)),
DIGL [EPS 75/ RS 96],
APCO [EPS 91/ RS 82](I like how APCO has performed, taking a relatively small hit during the last few weeks. RS has actually risen a couple points. Just wish it would break out already! ;)),
and, ONPT [EPS 75/ RS98].
Hey Jim, when's RECY gonna release their earnings report, and up that EPS ranking? :-)
Here's hoping for some follow-through to the recent upturn....
-dave
(now 65% cash...) |
