Pruning NSC

Let's raise cash in accordance with our trading rules to stay off of margin.

Sell 50 shares of NSC at $67.60, let the balance run.

New Buys

Some interesting long opportunities have presented themsleves this week. While all steel stocks are loved at this moment (NUE, X and CLF), CLF has the most attractive trade parameters - 35 shares at $106. Upside is to $135 while the stop goes in at $99.

Starting a position in HAL - 50 shares at $48.75. Upside is to $73 while the stop goes in at $43.

FCX is screaming buy me right now but the model portfolio would have to go into margin to add the shares. Too attractive to pass up - 35 shares @ $115.75. Upsdie is to $155 while the stop goes in at $110.

Yesterday's Executions

Sold 10 BNI @ $107
Sold 10 UNP @ $150

Bought 100 VZ @ $38.75
Bought 100 TRN @ $36.25

CVS is looking great

Portfolio Updates

Keeping an eye on FRE as the stop point of $29 looks like a very real possibility given the strength exhibited yesterday.

NKE technically should have been kicked out of the portfolio at $65 as the chart broke down. I missed that, but since the stock showed some real strength over the past 2 days, we will attempt to ride it to the upside and look for a chart reversal. A new stop is going in at $64 to protect the downside.

Going to take some more profits on the rails and let the rest ride, the charts have hit their targets. Sell 10 BNI around $107, sell 10 UNP around $150.

Looking to initiate some new buys in the following arenas:

Oil and Natural Gas - potential buys are DVN (adding shares), CHK, NOV, FTI, COP, NBR or HAL.
Solar and Wind Power - potential buys are TRN, PWR
Materials - potential buys are FCX, CLF, X, RIO, CAT, even looking at DE
Aerospace - potential buys are BA and BEAV

Going to buy another 100 shares of VZ at $39 or better

Taking some more profits - 35 shares of BNI @ $104

Peeled off 25 shares of V at $85.75

Peeled off 5 more shares of MA at $292.00