Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 41.73

-3.0%

Nov 7 4:00 PM EST

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To: Turtles_win who wrote (121922)	11/12/2018 1:01:02 PM
From: robert b furman	2 Recommendations Read Replies (1) of 206760

Hi TW, Nope , no magic. I was just thinking this decline is showing some strange stock action. Just before 10:40 T and F were swimming upstream in a down market. Big and safe dividend payers,but just before that Ford declined to a break even. T seems to be in an uptrend still. Ford has recovered AND KMI is doing better. Energy seems to have bottomed - semi's are still getting clobbered. China trade tensions have apparently pushed out equipment orders in asia. Usually in big market declines the higher yielding stocks act a bit more resilient - as long as the dividend is retained ,and if it is increased they get a strong following. I'm out of the market till January 2019, where I hopefully get some T shares assigned to me ( below $30.00 net purchase price and a yield of 6.6 %. Meanwhile Henry's 2740 support in the SPX seems to be holding the decline - SO FAR! Bob

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