Tuesday May 24, 2016
Monday I closed all shorts and added these positions.
Today I added Cullen Frost common at 64.83 closing at 65.13 and Globalscape at 3.32 closing at 3.40.
I will be adding a spreadsheet to track our success or lack there of.
NASD Fund
Okay from the top, DDM is the dow fund and QLD is the QQQ fund. The ratio chart shows QLD outperforming DDM. So smaller caps are taking off.
Tomorrow we will add positions in UWM and SAA,both small cap funds.
In the middle section we got our first PAR SAR buy indicator so we are getting in at the start of this wave up. This should be Wave 3 following Wave One from February 9 low and the Wave Two low created the last two or three days. So the largest part of the move lies ahead.
Apparently Wall Street thinks rates are rising as bond prices fell today and bank stocks rallied.
XLF Financial Sector
Wave Three to the upside is just getting under way. Not shown but this also generated a PAR SAR buy signal.
It is time to buy the refiners.
Holly HFC
I like Valero VLO and Tesoro TSO but Holly HFC is the best bet. Read the link above and say to your self,
HFC pays a 4.74% dividend.
More tomorrow, and keep checking back,
now that we have identified an excellent entry position we need to make the most of it.
And what the heck, let's buy some Warren Buffet
Finally gold and silver are in decline as the dollar advances, a better buy lies ahead...
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