Market Update Adding to MCD and more set ups
Published: Tue, 08/04/09
Added to MCD today 100 @ 55.07, Market continue to show great strength, but I continue to rotate money out of stocks that are breaking out and into stocks that are setting up.
DRYS all of a sudeen looks interesting along with C as 2 higher risk momentum trades
JBHT breaking up and out of pattern looking at 30
TK and other transportation stocks UNP< JBHT all looking to continue and feel the patience on waiting for the pull back in these is really paying off
Looking to start scaling out of WFC soon target 27
SYY long term trade look great
Will be doing a mid week update on any new positions coming to light on Wed night
PFE and ABT still ok