Monday, March 16, 2009

Wrap up and Review

As discussed in previous post...

Sprint (S): Re-purchased Sprint (S) at close for $3.59 and MACD shows bullish divergence on 5 and 20 minute charts.

BMC opened long near end of day for $28.97 with strong MACD and near low of day.

AXP opened a short near the day's high and rode it for 40 cents and nice profit.  

IBM and RIG both sold near high of day for profit.  may re-enter at some point.

TJX still watching for an entry.

FCX and SLV and GLD are holds.

MS is now oversold, but I did not buy it yet.

FXA and FXC: Australian and Canadian dollar ETF's were opened long to diversify my fairly large cash holdings with US dollar in the overbought area.  Yes, cash is a holding.

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