4/28 Positions To Initiate / Market Summary

As of 4/25, we are in full bull mode - the bullish percent charts are telling you to get long with your available cash. There are still two sectors which will provide shorting opportunities (Healthcare and Financials) but those positions should be selected carefully and played with tight stops since we are in the early stages of a bull run.

A new buy signal from deep in the depths of the BP charts was given on the S&P Telecom sector. As a result, priority will be given to initiate the following buy:

T - Buy at 38.5 or better, target of 52 and stop at 36.5 - UD of 6.75
VZ - looks ready to break out, but initiating a buy now will break a trading rule as the chart is showing a downside target - we will buy on a break of 38 as the upside is to 48 at a minimum, but likely higher.

In order to diversify, we are pruning back our 2 largest winners slightly:

Sell 20 shares of MA, leaves us with 30 shares
Sell 20 shares of UNP, leaves us with 30 shares

Long Positions to be Initiated:

ko - buy at 59.5, target of 90, stop at 56 - UD of 9.7
cvs - buy at 41, target of 64, stop at 37 - UD of 5.75
fdx - buy at 94.5, target of 130, stop at 92 - UD of 14.20
rtn - buy at 64.5, target of 88, stop at 61 - UD of 6.7
nsc - buy at 60 or better, target of 85, stop at 54 - UD of 4.16
nke - buy at 68.5 or better, target of 83, stop at 65 - UD of 4.14

Short Candidates to be Inititiated

fnm - short at 30.75, target 18, stop at 33 - UD of 5.6
fre - short at 28, target of 18, stop at 29 - UD of 10
fed - short at 16, target of 3, stop at 18 - UD of 6.5