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DayveJohnson on the MarketsPosting my thoughts and trades as I take on the challenges that the financial markets will bring. Especially suited for end of day traders who also have a full-time job. Hopefully my years of experience can be a valuable asset to the trading blog universe. And please do your own research, I am not responsible for your personal trading decisions |
Selling TPX. Adding ALJ.
Posted on 08/30/2006 18:58 PM | Link | Post Comment
I will selling the position in TPX which we had a nice move in. I will be adding ALN tomorrow. That seems to play into the oil theme again ...yikes.
Also on my ETF trending alert PPH was highlighted. This thing has been down so long it does not even remember going up. As is typical with a pure trend type signal when the alert is triggered a pullback is usually in order because of it's recent strength. So I will be buying it over time.
If you look at the signals that have triggered PUI (Utilities) and PPH (Pharmaceuticals) a definite defensive tone is evident. When some of the higher beta stuff starts to kick you'll know the market is kicking into high gear. Until then keep the seat belt fastened.
Also on my ETF trending alert PPH was highlighted. This thing has been down so long it does not even remember going up. As is typical with a pure trend type signal when the alert is triggered a pullback is usually in order because of it's recent strength. So I will be buying it over time.
If you look at the signals that have triggered PUI (Utilities) and PPH (Pharmaceuticals) a definite defensive tone is evident. When some of the higher beta stuff starts to kick you'll know the market is kicking into high gear. Until then keep the seat belt fastened.
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