? Stocks are up, dow great at 11169. I think there is some more upside before the bear strikes
To: CoveredCallFund-
CC: ConservativeOptionS
From: gilbert_arevalo@
Date: Wed, 28 Apr 2010 06:30:42 -0700
Subject: [ConservativeOption
The negative action slapped all four major indexes with a distribution day. The NYSE composite has seven distribution days, the most of the indexes. The Nasdaq has the fewest, with three.
The sum of that negative action has put the market's uptrend under pressure, a shift reflected in a change to our Market Direction bias to "Caution" from "Green Light" - effective Tuesday, 27-Apr-2010. This should put investors on alert. Watch your holdings carefully and don't be shy about raising cash by culling your weaker stocks. Approach new buys with a healthy dose of caution until the market reasserts itself. Our Current Market Direction call is also posted at the top of the Covered Covered Candidates page.
G
From: Gilbert <gilbert_arevalo@
To: ConservativeOptionS
Sent: Tue, March 2, 2010 10:48:19 AM
Subject: [ConservativeOption
The Nasdaq's "follow-through" on 01-Mar-2010 confirmed the (tenuous) uptrend. Please note a move back to "Green Light" from "Stop Losses" mode.
What that means is we will once again "test the waters" with high-yielding covered call plays, while sticking to our stop-loss rules.
G
--- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ ...> wrote:
>
> Indeed, fully cashing out Thursday proved prudent as we entered into a correction or our "Stop Losses" mode on Friday.
>
> We will now "wait-and-see" - watching the market's price and volume action. A follow-through confirmation will put us back into our "Green Light" mode.
>
> G
>
> --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> >
> > Market Direction: "Caution" - effective 20-JAN-2010
> >
> > G
> >
> > --- In ConservativeOptionS trategies@ yahoogroups. com, "Gilbert" <gilbert_arevalo@ > wrote:
> > >
> > > Not likely. In my experience, when a stock drops enough to trigger my sell rule it is best to avoid re-entry. It usually turns out there is a reason for the significant decline.
> > >
> > > Furthermore, once all my positions (as have again in 2010) are stopped, most often the market is pending a downturn. Countless growth stocks (2009 winners) are now slicing through their 50-day moving averages.
> > >
> > > Not a good omen. Plus distribution days are at an elevated level (can indicate a top). I will wait for further confirmation to the upside before getting into any more positions.
> > >
> > > G
> > >
> >
>
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