Wednesday, November 23, 2011

Subscriber Alert Gold bounced in textbook fashion


GLD bounced off the lower boundary of its intermediate term up trend in text book fashion. Our Portfolios are Adding to their position in GLD taking it to circa 12% of the total Portfolio.

Several stocks hit trading Stop Loss prices yesterday, all in the Aggressive Growth Portfolio. Accordingly, it is reducing these positions from full positions to 75% positions. They include Qualtiy Systems, HollyFrontier, Walgreen. The reason I am not getting more aggressive in these sales is that our internal indicator continues to look reasonably healthy.