Greetings!
Not since September 2007 when the Dow closed briefly above 14,000, have we seen what transpired this week; namely, four strait weeks of positive gains. With that the Dow Jones industrial average closed the week above 8,000. A good sign indeed.
For the week, the Dow rose 39.51, or 0.5 percent, the highest close since Feb. 9, 2009. The S&P 500 index rose 8.12, or 1 percent, while the Nasdaq rose 19.24, or 1.2 percent. This is in stark contrast to how we did this week with our initial re-entry into the market as outlined below. We are pleased with our results.
We re-entered the market this week on Tuesday March 31. We took only five (5) positions as outlined below in this newsletter, and we only re-entered with 25% of available cash. It is important to remember that the Market is fickle and can always turn against you. That is why when re-entering a down market you want to do so gradually so you don't get clobbered should things turn negative. If in fact the Market is signaling a trend to the upside, we will add more positions as they present themselves.
For now the news is good and we will most likely look to take other positions next week with another gradual deployment of available cash. The stocks we are entertaining are listed below in more detail, along with how we did this week with our portfolio.
Have a great weekend, and stay dry! It looks like rain!
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