and/or selloff in the market, with the major indices falling through
support. I am proud to say that I have som stocks that have been in an
uptrend through the market selling off. I sold anything and everything
that has, or had in the previous selloff, any kind of weakness or
downtrend (HSC, AXYS, BEAV, BUCY). I'll buy them back when the overall
market bottoms out, which can be difficult to determine.
I have noticed that some of the macroeconomic indicators have been
showing some promise. I have noticed the pending home sales have
increased, along with the existing home sales. So, it seems as though
houses are getting affordable enough for them to be bought. There is
still a belief that houses will continue to get cheaper. I really do
not think that the FOMC will raise interest rates until at least the
housing market is safely out of trouble.
I still have gold via Yamana Gold (AUY) and dry bulk shipping in
DryShips (DRYS). Some of the names that are on my watch list are ADM,
MEMC Electronics Materials (WFR), along with what I just sold.