Tag Archives: Weeklly market review

Week Ahead for Stocks – April 13 to 17, 2009

The coming week is filled with market moving economic and earnings data releases.  It would be interesting to see whether the momentum built upon WFC preannouncement would continue with other positive earning releases.  29 of S&P 500 companies, including 5 Dow components (highlighted in bold) are scheduled to announce earnings.  I would be watching the following releases intently:

  • Monday: JBHT, TLB
  • Tuesday:  FAST, GS, JNJ,ADTN, CSX, INTC
  • Wednesday:  ABT, SCHW, INFY, LUFK, BTU, PGR, CCK, KMP, LSTR, LLTC, STX
  • Thursday:  APH, BAX, BGG, GPC, ITW, JPM, NOK, NVR, PH, PII, SON, LUV, TITN, VIP, BIIB, GOOG, ISRG, SNDK, TK, WERN
  • Friday:  AOS, BBT, C, GE

Economic data:  Following economic data releases are scheduled:

  • Tuesday:  March producer prices and Retail sales
  • Wednesday:  Consumer price index, industrial production data for March, New York manufacturing survey, and housing market index for April, Beige book, Crude inventories
  • Thursday:  Housing starts, Jobless claims, Philly Fed survey, and Natural gas report
  • Friday:  Consumer sentiment from the University of Michigan, and Ben Bernanke speaks

For details on economic data releases, please refer to:   http://online.barrons.com/public/page/barrons_econoday.html

TaurusTrader portfolio:  To begin the week, the portfolio contains 12 positions.  All 12 have positive unrealized gains and some have have substantial accumulated profits.  So, I’ll be moving the ‘stop loss’ limit on these picks to protect profit and to reduce losses if the market turns against us.  The new stops are noted in “bold” in the following table. 

Stock

Bought on

Entry price

Stop

Target

4/9 close

Gain/loss (%)

WNR

Mar 17

11.80

11.85

13.60

12.95

9.75

AGU

Mar 19

37.50

34.50

41.50

38.47

2.48

AMR

Mar 16

3.70

3.55

4.85

4.52

22.16

FCN

Mar 12

47.80

45.15

52.00

48.48

1.42

HON

Mar 24

29.01

28.50

32.40

31.04

7.00

HSP

Apr 02

31.41

28.60

35.50

32.15

2.36

WDC

Apr 02

20.10

19.98

23.00

22.11

10.00

TNA

Apr 02

20.05

18.50

23.80

23.10

15.21

EXP

Apr 02

25.50

22.75

28.50

26.51

3.96

FMX

Apr 03

27.08

24.50

30.50

27.89

2.99

CMED

Apr 06

16.48

16.03

18.60

17.84

8.25

XRT

Apr 09

24.28

24.60

26.78

25.65

5.64

I do not have any picks for Monday … I’ll wait for a day or two and see how this earnings season would roll out. Per my previous post, I’ll not be day trading.  hence, will not provide any day trade picks for Monday also. 

If there are questions or comments, please do post …..

Have a great week and happy trading.
TaurusTrader
http://www.taurustrader.wordpress.com

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Weekly Market Recap – April 06 to 09, 2009

Another incredible week …. five consecutive week of gains!!  The week however began on a negative note with a downgrade of prominent banks and a downbeat forecast for banking sector by Calyon Securities analyst Michael Mayo.  But the tides turned on Wednesday with the news of a $1.3 billion merger deal between home building giants PHM and CTX.  insurers also got a boost on a news that certain insurers might get help from the TARP moneys.  Thursday was a note worthy when Wells Fargo (WFC) preannounced a surprise forecast of $3 billion first quarter profit.  Stocks rallied across the board. 

For the week, the Dow was up 0.8%; the S&P 500 gained 1.7%, and the Nasdaq rose 1.9%.  Crude almost remained unchanged, but Gold lost a little luster (-1.4%). 

The volatility Index (VIX), otherwise known as the “fear index” sank below the 40-point mark for the first time since last September, 2008.

Index

Started Week

Ended Week

Change

% Change

YTD %

DJIA

8018

8083

65

0.8

-7.9

Nasdaq

1622

1653

31

1.9

4.8

S&P 500

843

857

14

1.7

-5.2

Crude

$52.51

$52.24

-$0.27

-0.5

17.1

Gold

$894.6

$881.7

-$12.9

-1.4

0.1

 

In TaurusTrader swing portfolio, we added 3 new positions – CMED, OMTR, and XRT.  Two positios – WFC and OMTR were stopped out.  Two recommendations, BCE and RRC did not hit the target buy price.   By the end of the week, TaurusTrader portfolio had following positions:

Stock

Bought on

Entry price

Stop

Target

4/9 close

Gain/loss (%)

WNR

Mar 17

11.80

10.95

13.60

12.95

9.75

AGU

Mar 19

37.50

34.50

41.50

38.47

2.48

AMR

Mar 16

3.70

2.80

4.85

4.52

22.16

FCN

Mar 12

47.80

45.15

52.00

48.48

1.42

HON

Mar 24

29.01

26.50

32.40

31.04

7.00

HSP

Apr 02

31.41

28.60

35.50

32.15

2.36

WDC

Apr 02

20.10

17.98

23.00

22.11

10.00

TNA

Apr 02

20.05

17.95

23.80

23.10

15.21

EXP

Apr 02

25.50

22.75

28.50

26.51

3.96

FMX

Apr 03

27.08

24.50

30.50

27.89

2.99

CMED

Apr 06

16.48

14.20

18.60

17.84

8.25

XRT

Apr 09

24.28

22.40

26.78

25.65

5.64

Picks stopped out

WFC

Apr 03

16.26

14.90

19.00

19.27

-8.36

OMTR

Apr 06

15.01

13.90

17.10

14.20

-7.40

Picks that did not trigger & dropped

RRC

Apr 06

46.04

43.20

50.50

42.72

dropped

BCE

Apr 03

21.77

19.90

24.50

20.90

dropped

Apart from these. TaurusTrader also has small open positions in WFC  (bought at $13.75), and MS (bought at $22.30).  These trades were discussed in my April 2 blog.

Next week is a heavy economic and earnings data driven week …. please trade cautiously.

If there are questions or comments, please do post …..

Have a great week and happy trading.

TaurusTrader

http://www.taurustrader.wordpress.com

Week Ahead for Stocks – April 6 to 10, 2009

It’s been great 4 weeks for the stock markets which saw 4 straight weekly gains. For Dow, this 4-week gain is the largest percentage gain since 1933.  The gains were widespread.  Nine out of 10 sectors in S&P gained, and the lone exception was health care which lost about 2%.   Nasdaq is now over 2% positive for the year.  There were some good news amidst several negative economic data that market ignored in anticipation that the bottoming process of economic downturn is imminent.  There are still concerns abound, especially with the housing, commercial real estate, unemployment, and of course the banks and their balance sheet.   Any bad news can pull the indices back down to earth easily.

Official earning season kicks off on Tuesday with Alcoa stepping in to earnings confession.  Earnings estimate for major companies have dropped significantly.  More than 70% of S&P companies are expected to post a decline in earnings compared to the past year.  So, the earnings season is a major concern for markets.

Around 30 companies are expected to report earnings this week.  I’ll be watching the following releases closely –

  • Monday:  APOG, BLUD
  • Tuesday: AA, BBBY, MOS, RT
  • Wednesday: STZ, FDO, GBX, SGR, WDFC, SMSC
  • Thursday:  CBK, MTRX
  • Friday: Market is closed for Good Friday.

For details on earnings calendar, please visit:  http://www.zacks.com/commentary/10514/Earnings+Preview+for+Apr+6+-+10

Economic Calendar: Following economic news might have impact on the markets –

For details, please refer to:   http://online.barrons.com/public/page/barrons_econoday.html

  • Monday: Fed Gov. Kevin Warsh speaks on Financial Markets.
  • Tuesday: Red book, Consumer credit data.
  • Wednesday: MBA purchase applications, Whole sale trade, EIA petroleum reserve data, FOMC minutes.
  • Thursday: Chain store sales, International trade data, Initial weekly jobless claims, Import-export prices, EIA nat gas report. Larry Summers speaks at 12 pm.  Money supply.
  • Friday: Treasury surplus.  Markets closed for Good Friday.

Picks for Monday, April 6: Markets have gone up too fast too soon.  No major data releases are scheduled, hence markets will have a calm day to digest past moves.  Weekend news events may influence a positive market open.  Ben Bernanke indicated that the credit markets may be thawing …. this is a good sign.  Also, the European banking giant, HSBC raised $17 billion in a largest ever rights offer in UK, which was well received.

As I complete this post, Asian markets are doing OK, and pretty much ignored North Korea’s Rocket launch and the following world condemnation.

I will keep the following stocks on my radar through out the week for possible inclusion in swing portfolio or for day trading opportunities:

KMB, COP, SGP, WAB, OMC, TTC, UL, HLF, TIE, WLL, MET, SII, HAIN, PTEN, AA, SD, HXL, OIS, EXM, ADM, PBR, SLAB, DRYS, MOS, MELI, FAS, BAC, MTH, IYT, ARO, FOSL, DZZ, and DIG.

If the stocks continue with their momentum to upside, I expect to see considerable downside potential for Gold (GLD, DGP) and Gold mining stocks (XME, GOLD, AUY).  So, watch carefully if you have any gold or gold mining stocks.

I’ll be looking to add the following to TaurusTrader swing portfolio on Monday:

  1. CMED – Buy above 16.48, stop $14.20, target $18.60 (very volatile)
  2. RRC – Buy above $46.04, stop $43.20, target $50.50
  3. OMTR – Buy above $15.01, stop $13.90, target $17.10 (very volatile)

Per my previous post, I’ll not be day trading.  hence, will not provide any day trade picks for Monday.

If there are questions or comments, please do post …..

Have a great week and happy trading.

TaurusTrader

http://www.taurustrader.wordpress.com

Markets – Weekly Recap – March 30 to April 3, 2009

Four consecutive weekly gains …. INCREDIBLE!

For the week, S&P was up +3.3%, Dow gained +3.1%, and Nasdaq tacked on +5.0%.  The gains were wide spread.  Nine of the ten sectors in S&P gained.  The lone exception was Healthcare (-1.9%).  Nasdaq is now positive for the year.

Index

Started Week

Ended Week

Change

% Change

YTD %

DJIA

7776 8018

241

3.1

-8.6

Nasdaq

1545

1622

77

5.0

2.8

S&P 500

816 843

27

3.3

-6.7

The week did not start that great, with the news that the restructuring plans submitted by auto giants, GM and Chrysler were rejected by Obama administration and GM’s CEO, Rick Wagoner was forced out – the markets dropped significantly.  However, as the week progressed, good news came in small doses in the middle of some negative economic data.  In my opinion 3 major events contributed to week’s optimism.  First, it was the decision by FASB to relax mark to market accounting rule on Tuesday. Second, the actions from the G-20 meeting in London, among other positive steps, to finance IMF with over $i trillion to tackle global economic crises.  And, third, some not so disappointing domestic economic data – indication that the manufacturing was contracting at a slower rate, improvement in pending home sales, and a less than expected decline in construction spending, contributed to a sense that the bottoming process for the economy is  imminent.

In TaurusTrader swing portfolio, some positions were stopped out – all on Monday when the over all market declined.  We were prepared for this pull back, hence the stops were raised for some volatile positions after the big market run up the previous week.  Stops were hit with BAC (-12.6%), RIO (-4.9), HNT (-7.3%), MDR (+1.2%), and MBT (+3.9%).  If you remember we had  12 straight winners before this! We won MORE, and lost a FEW …

We also added 6 new positions to the portfolio.  By the end of the week, TaurusTrader portfolio had following positions:

Stock

Bought on

Entry price

Stop

Target

4/3 close

Gain/loss (%)

WNR

Mar 17

11.80

10.95

13.60

12.43

+5.3

AGU

Mar 19

37.50

34.50

41.50

39.22

+4.6

AMR

Mar 16

3.70

2.80

4.85

3.75

+1.3

FCN

Mar 12

47.80

45.15

52.00

47.50

-0.6

HON

Mar 24

29.01

26.50

32.40

30.20

+4.1

HSP

Apr 02

31.41

28.60

35.50

30.44

-3.1

WDC

Apr 02

20.10

17.98

23.00

21.34

+6.2

TNA

Apr 02

20.05

17.95

23.80

22.12

+10.3

EXP

Apr 02

25.50

22.75

28.50

26.78

+5.0

FMX

Apr 03

27.08

24.50

30.50

28.15

+4.0

WFC

Apr 03

16.26

14.90

19.00

16.20

-0.4

BCE, one of the picks from Friday did not hit the buy target, hence was not bought.  However, it is still on the focus list for addition to the portfolio.

Apart from these. TaurusTrader also has small open positions in WFC  (bought at $13.75), and MS (bought at $22.30).  These trades were discussed in my Thursday’s (April 2) blog.

Next week is a holiday truncated week …. please trade cautiously.

If there are questions or comments, please do post …..

Have a great week and happy trading.

TaurusTrader

http://www.taurustrader.wordpress.com

Stocks to Watch for Friday April 3, 2009

Thursday’s market recap: Another great day!  Even though it could not hold on to it  at close,  Dow breached 8000 mark for the first time since Febrauary 9.  Nasdaq is now positive for the year!  S&P somehow managed to hold above the critical 833 support level.

The Dow gained 216 or 2.8%, to close at 7978.  It had earlier gained as much as 314 points.  The S&P index gained 23 points or 2.9%, to end the day at 834. The Nasdaq rose 51 points or 3.3%  to close at 1603.

Crude rose $4.25 to settle at $52.64 a barrel, while gold fell $18.80 to $908.90 an ounce.

Traders were in buying mood.   Markets opened up nicely in the morning despite some negative data on jobless claims.  There were again small doses of good data that helped.  Banking sector had a some relief with FASB’s decision to relax mark to market rule on toxic assets.  Markets also liked the news coming out of G-20 meeting in London of heads of states.  G-20 leaders decided to fund IMF over $1 trillion to help troubled nations around the world, and also agreed to formulate stricter global regulation of financial institutions.  ECB lowered interest rate by 0.25%, to bring the rate down to 1.25%.  Factory orders posted a larger increase in February.  This news came on the heels of yesterday’s better than expected data on pending home sales, manufacturing activity and auto sales.

TaurusTrader’s swing portfolio had a nice day.  All 4 of yesterday’s picks – EXP, WDC, HSP, and TNA, were bought, and had decent  gains.

Focus list for Friday, April 3: There are signs to support that this rally may have more ‘juice’ left in the tank to run.  As I said in my earlier posts, small doses of good news have started coming in indicating that this recession has started to recede.  Benefits from innovative plans, at least some, put forth by the new administration appear to slowly seeping in to the economy.   CNBC’s Bob Pisani observed that mutual funds are getting back to the market to scoop up stocks.   Commodity prices are going up.  Copper just made a new 5-month high.  Copper is a good indicator of economic growth.  Similarly the transportation index, which went on a tear today!   I also expect that the Banking stocks to continue their momentum following the boost they got from Thursday’s favorable mark to market ruling by FASB.  RIMM reported exceptional quarter after Thursday’s close, and was up over 20% in aftermarket hours.  Folks, these are some good signs ….

However, we can’t let our guard down.   The optimism could be easily crushed if tomorrow’s jobs report surprise us with lousier than lousy expected data.  Economists predict  a loss of 654 K jobs in March, and unemployment rate  to rise to 8.5%,  from 8.1%  in February.

TaurusTrader swing portfolio picks for tomorrow, Friday April 3 are:

  1. FMX – Buy above $27.08, stop at $24.90, target $30.60
  2. BCE – Buy above $21.77, stop at $19.90, target $24.50
  3. WFC – Buy above $16.26, stop at $14.90, target $19.00

There are no day trade picks for Friday.

Please follow all trades with protective stops. The markets  may be kind to you,  but  it can turn against you any time unexpectedly!

Good luck trading.

TaurusTrader

http://www.taurustrader.wordpress.com

Week Ahead for Stocks, March 30 – April 3, 2009

Weekly Recap (March 16 – 20, 2009): Stocks made some historic progress …. gained for three weeks in a row, the largest move since 1938.  It was a huge 3-week rally.  However, markets stuttered a little bit on Friday heading into the weekend mostly from profit taking.

On Friday, the Dow fell by 148 points or 1.9% to end at 7776.  The S&P 500 fell 16 points or 2% to end at 815, while the Nasdaq lost 41 points or 2.6% to end at 1,545.

Index

Started Week

Ended Week

Change

% Change

YTD %

DJIA

7278.38

7776.18

497.80

6.8

-11.4

Nasdaq

1457.27

1545.20

87.93

6.0

-2.0

S&P 500

768.54

815.94

47.40

6.2

-9.7

For the week, the Dow rallied 6.8%, the S&P 500 gained 6.2% and the Nasdaq rose 6%.  For the month so far, the Dow is up 10.1%, the S&P is up 11% and the Nasdaq added 12.2%.  The S&P 500 is now up 22.4% from its March 6 low of 666.8 points.

The bulk of the gains however were made on Monday with the major indices gaining over around 6% on the news of Treasury Dept releasing details on its plan to remove troubled assets from the balance sheets of banks.The gains continued, albeit modestly through rest of the week, building on some better than expected data from the housing sector, February durable goods, and final 4th quarter GDP.

Believe it or nor, the treasury auctions usually a non-market event, turned out to be a major market mover this week due to some saber rattling by China by its negative comments on US debt.

Tim Geithner and Ben Bernanke appeared before Congress during the week.  Geithner also appeared on Sunday morning media circuit touting administration’s ideas and plans to jump start the economy.  Geithner is looking more and more confident, and markets are slowly warming up to the new Treasury secretary.

In the end, all ten sectors posted solid gains for the week.  Financials advanced 12.2% , industrials gained 10.5% and consumer discretionary advanced 8.8%.

TaurusTrader had a phenomenal week.  Seven positions in the swing portfolio achieved profit targets, ranging from 8.6 to 47.4%.  The positions that hit profit target, hence closed were – TCK, MELI, BMC, RY, CPRT, BX, and WSM.  Also, the April 12.50 call option in WDC (WDCDV) was also closed netting 100% profit. Please refer to my earlier posts for details.  None were stopped out.  TaurusTrader also had several successful day trade opportunities for 2 to 5% profit per trade in several recommended equities – FAS, MS, WFC, TNA, and BAC.

At the end of the week, TaurusTrader was long in – WNR, AGU, AMR, MBT, FCN, MDR, HNT, RIO, HON and BAC.

Week Ahead, March 30 – April 03, 2009: Markers are in oversold condition. Some pull back is possible, especially at the opening on Monday.  Like in previous weeks, markets will mostly be driven by news coming out of DC on auto industry bailout and banking regulations.   The G-20 meeting of finance ministers on April 2 is another media event that could have some impact on currencies.  We may need to keep an eye on how the bond and treasury auctions go. There will  be a hearing on mark to market accounting which could impact the markets.  Fed Chair, Ben Bernanke and Vice Chair Don Kohn are scheduled to speak on Friday in separate events.  On the earnings front, 52 companies are scheduled to report this week – the last week before the “official” start of 1st quarter earnings.  Some important reports that I would be watching are:

  • Monday:  CALM, LAYN, SNP, CHT
  • Tuesday: APOL, BGP, GIGM, LEN, SAH
  • Wednesday: WOR
  • Thursday: AYI, MDRX, LNN, MU, MON, RIMM
  • Friday:  AZZ

For details on earnings calendar, please visit: http://www.zacks.com/commentary/10445/Earnings+Preview+for+Mar+30+-+Apr+3

Economic Calendar: Following economic news might have impact on the markets –

For details, please refer to:   http://online.barrons.com/public/page/barrons_econoday.html

  • Monday: None
  • Tuesday: 1) 9:00 am, Mar. Consumer confidence (27.0 up from 25.0);  2)  9:00 am, Jan. S&P/Case-Shiller home price index, (unchanged -18.5%);   3) 9:45 am,  Mar. Chicago PMI (34.7, up from 34.2);
  • Wednesday: 1) 8:15 am, ADP employment change; 2) 10:00 am, Feb. Construction Spending (-1.6% up from -3.3%);  3) 10:00 am, Mar. ISM index (36.5 up from 35.8)   4) 10:00 a.m. Feb.  pending Home sales (-2.0% vs -7.7%);   5) 10:30 am, US Energy Dept Oil Inventories For Mar 27;  6) 2:00 pm. Mar. Auto sales.
  • Thursday: 1) 8:30 a.m. Initial Jobless Claims For Mar 28 Week;  2) 10:00 am, Feb. factory Orders (-0.3% vs -1.9%;
  • Friday: 1) 8:30 am, Mar. Av. work week (33.3 unch.); 2) 8:30 am. Mar. Hourly earning (0.2% unch.);  3) 8:30 am, Non-farm payroll (650 K); 4) 8:30 am, Mar. Unemployment rate (8.5% vs 8.1%); and 4) 10:00 am, Mar. ISM services index (42 vs 41.6).

Picks for Monday, March 30: The big question on every ones mind on Monday would be “whether the rally of the past 3-weeks is real, can I jump in or wait on the side lines”.  No major economic data or earnings releases are slated for Monday.  So, it would be somewhat challenging to predict how the markets would react.  I thought  Geithner did OK with his media appearances over the weekend.  But, it may not be enough to move the markets.  I’m going to wait it out.  I’ll not have any picks for Monday for our swing portfolio.  I’ll watch my positions with tight stops.

I will keep the following stocks on my radar through out the week for possible inclusion in swing portfolio or for day trading opportunities:

ORLY, NFLX, DRYS, DSX, IPI, MOS, MON, RIMM, AXP, BWLD, AMZN, WDC, MELI, FAS, WFC, BAC, MTH, IYT, COV, HUM, DE, ARO, FOSL, and GME.  Also, Gold (GLD, DZZ or DGP) and Gold mining stocks (XME, GOLD, AUY).  I expect some accelerated “directional” movement to occur with Gold and Gold related stocks in the next few days.

As in past few weeks, I expect considerable volatility associated with financial stocks.  So, I’ll be looking at the following for day trade opportunities:  FAS, WFC, BAC, and MS.

If there are questions or comments, please do post …..

Have a great week and happy trading.

TaurusTrader

http://www.taurustrader.wordpress.com

Stocks to Watch for Wednesday, March 25, 2009

Tuesday’s Market Recap:  Profit taking was the game of the day, especially at the open and at the last hour before closing!  This was quite expected after a big market rally on Monday.  Major indices briefly traded positive around mid-day after the testimony by Geithner and Bernanke to House finance committee over AIG issues.  Sellers came out in force toward sessions end pushing Dow down to 7660 or a loss of 116 points (1.5%).  All Dow components, except 3 ended in red.  S&P lost 16.9 points or 2.05% to close at 806, two consecutive days above 800 and also above 50 day MA.   Nasdaq fell 39.25 points or 2.5%, to 1516.

The dollar was mostly higher against other major currencies, while gold prices fell $28.8 or 3% to $923.30.

Oil gained 18 cents to settle at $53.98 a barrel on the New York Mercantile Exchange.

WSM hit its profit target this morning and closed for a nice 19.8% profit (please see my earlier post for details).  All three recommended picks for today, MELI, BAC, and HON, were bought and added to TaurusTrader swing portfolio.  None of the positions got stopped out.   At the end of the day, the portfolio had following open positions – WNR, TCK, AGU, AMR, MBT, FCN, MDR, HNT, RIO, MELI, HON, and BAC.

Among the day trade picks – FAS, BAC, WFC and MS gave great profitable setups.  As discussed in earlier posts, I follow 10-min chart for day trade setups.

Picks for Wednesday, March 25:   I expect the choppy trend to continue throughout the week.  Market movement has become increasingly news driven.  Unless some encouraging news comes out in the next few days, there is a possibility that all the gains made on Monday might disappear!  President Obama in his speech to the nation, in my opinion, spoke well and made a positive case in front of American public  for his policies and budget proposal.   

I made a case for a group of stocks in my blog on March 17.  These stocks are seeing some momentum building.  So, I thought the piece is worth repeating.  This is what I said on March 17 – “There are some positive signs that the economic activities around the word is showing signs of recovery.  I expect companies that make it happen in early stages are expected to benefit immediately, such as copper producers, dry bulk shippers, railway and trucking companies, etc.  Copper price is increasing which generally indicates increase in industrial and construction activities.  Shipping activities involving essential products across globe is picking up.  Further, I also think that Ag seed, chemical, and fertilizer companies will pick up momentum as planting season in North America is about to begin.  These companies will generate more than 60% of their revenues in the next couple of months selling seeds, pesticides, and fertilizers to farmers.  So, I’ll be keeping an eye on the following companies for the next few days” –

  • TCK  – Producer of copper and other metals (TCK is up by over 10% since March 17)
  • SBLK, DRYS – Dry bulk shippers.  SBLK reported good earnings after the markets closed on Monday. DRYS is again up over 10%.
  • ABFS, YRCW, CSX, GBX – Railway and trucking,
  •  AGU, SYT, MON, TITN, ADM – Ag seed, chemical,  fertilizer, and equipment companies
  • WNR, VLO – oil refiners

TaurusTrader swing portfolio is well diversified and currently has 12 open positions.  I do not want to add any more new position until I close some.

I’ll closely watch the following stocks for day trade opportunities: FAS, BAC, and MS.

If there are questions or comments, please do post.

Regards,

TaurusTrader

http://www.taurustrader.wordpress.com