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Archive for June, 2010

Posted by MartZee June 29, 2010

Market slips into a correction after US consumer confidence data

Stocks dropped more than 2 percent on Tuesday after data showed U.S. consumer confidence fell steeply in June on worries about the labor market. Based on that I am considering the market being in correction. No new buys during this time in my trading account (well, right now I do not have free money anyway).

Posted by MartZee June 23, 2010

AOD dropped from portfolio, JNJ added.

Yesterday Alpine Total Dynamic Dividend Fund (AOD) dropped significantly down in price and today it continued down as well at the same speed as yesterday. On discussion boards I could find busy discussion why that happened. Mostly the concern was about a recent article by Dan Plettner at Seeking Alpha who wrote in his “Alpine’s Continue reading →

What’s happening with IGD?

Today Global Equity Dividend & Premium Opportunity Fund (IGD) dropped price by almost 6%. Why is it happening? The fund announced a distribution yesterday and it meant another distribution decrease (a third decrease in a row). ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Continue reading →

Posted by MartZee June 16, 2010

Visa added to portfolio

Today I have bought Visa to my portfolio. I am expecting the stock to rise to $100 per share by the end of the year. Revenue growth is expected at 14% during the next five years. The stock will benefit from the economy recovery in the long run. 06/16/2010  10:33:26   Bought   20   V  @  76.1094

Posted by MartZee June 15, 2010

Market in confirmed rally today

The stock market has changed its status into a confirmed rally today as it surged in higher volume. The S&P 500 surged 2.3% and the Dow 2.1% as both cleared resistance at their 200-day moving averages. The NYSE composite climbed 2.5%, thanks to strength in energy and industrials. Visa (V) erased its morning loses and Continue reading →

Posted by MartZee June 10, 2010

Visa is creating a new trend

Visa (V) is creating a new trend these days, however the entire market is still weak and may not support this trend. Watch the stock very carefully. Right now the trend is creating its third high-high point and soon it may reverse to create a new high-low point. If it happens, on its reversal at Continue reading →

Posted by MartZee June 07, 2010

Market slips back into correction

Today’s last hour sell off sent the rally attempt back into correction on fears that Europe economic problems would hurt recovery. The Dow slashed 115 points a day after it dropped 323 points on Friday. S&P500 is down 14 and Nasdaq which led the rally attempt a few days ago reduced by more than 2% Continue reading →