Wednesday, November 23, 2011

Subscriber Alert Gold bounced in textbook fashion


SUBSCRIBER ALERT
11/23/11

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.