This market has been so boring, it seems that it is dribbling away my profits. Oh well can’t force a trade. I have been reviewing a few of my trades and everything is on track and I am following my rules. Ceteris Paribus (all things held constant) I should be fine when the positions move in my favor.
I continue to be cautious and see where I can join the momentum play but really havent seen anything significant lately. I did purchase some SEED to see if they would move in my favor over a buyout interest from several investors.
I alsop purchased 3000 shares of CHOP today for another trade and we shall see is what I wrote next to my description of why I traded it.
There are some signs that the economy is recovering but things are still in the pooper. The Philadelphia Fed Business Outlook increased from 15.2 to 17.6 in February. The consensus expected the index to increase to 17.0. The index has remained positive for seven consecutive months and signals further growth in manufacturing. The details of the report were strong. Growth spiked in new orders as the index increased from 3.2 to 22.7. Shipments increased from 11.0 to 19.7. The increase in shipments, however, was mostly due to the filling of old orders as the unfilled orders index declined from 3.6 to -7.5. Inventories posted the first positive month since September 2007. The increase is in-line with the Q4 aggregate manufacturer inventories data.
I will continue to trade and train my subscribers on how to buy and sell securities in a timely and profitable fashion. I am also learning more strategies to put together and to show others how to endeavor in this weird, boring, id rather “watch paint dry” market
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