C - Citi again seems to have found support right at the upper range band. Even though we had 3/5 down days this past week, up volume still appears to outpacing down volume based on the daily chart. Next earnings due out Oct 15th.
CMGIA/CMGIT - This is the CMG+1.56% Sept 100/105 call spread entered for a debit of 1.5. This position will likely go out worthless.
MYRX - Is showing some signs of life. News on Thursday indicated they are going to be presenting their work an oral treatment of human immunodeficiency virus 1 (HIV-1) infection. They are in the pre-clinical phase here and this company seems to be setup as a research and development shop with the commercialization going on elsewhere. Stock had a nice pop on Friday on the biggest volume since July.
NEOG - As expected, we got little follow-through from last weeks upside breakout. Stock is once again under 30 and marking time. Earnings due next Monday Sept 21 before the open.
QCOM - Stock had 4 straight up-days this past week shaking off recent distribution. I'm sticking with it even though the daily range bands went negative last week.
SPY - Now long one lot in each account from about 104.70. I entered on a breakout to a new high, and i'm probably going to end up regretting this entry. But when the shorts repeatedly fail, what's left to do but go long?
XLB - Also long one lot of select SPDR Basic Materials ETF. Stock recently took out resistance at $30 and looks to be moving higher on the weakening dollar and increasing demand from China. I saw Elaine Garzarelli on Nightly Business Report last Friday who made this call.
USO - Oil had a wild week, first gapping up to almost $72 on the OPEC meeting, then giving it back on Friday. Really more of a play on the weakening dollar.
UPS - Long term hold since I worked there back in the late 1980's and early 1990's.
YUM - Posted 3 of 5 loosing days this week on increasing volume. Definitely some signs of distribution going on but I love the prospects for this casual dining chain. KFC, Taco Bell, Pizza Hut and Long John Silvers. Plus, its the fastest growing retail chain on the planet and there's a lot of hungry people in China.
I need to start looking at corporate bonds in addition to just CD's.
CD Listing - Now sorted by expiration
Taxable
WASHINGTON MUT BK FA STOCKTON CA CD FDIC INSURED TO LIMITS 5.05% 11/02/2009
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.40% 06/21/2010
FARMERS & MERCHANTS BK TOMAH WIS C/D FDIC INS TO LIMITS 5.25% 07/12/2010
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.60% 07/21/2010
Retirement
AMCORE BK N A ROCKFORK ILL 5.0% 11/16/2009
DISCOVER BK GREENWOOD DEL C/D FDIC INS TO LIMITS 5.05% 11/16/2009
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.40% 06/21/2010
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.60% 07/21/2010
RG PREMIER BK HATO REY C/D FDIC INS TO LIMITS 5.45% 07/30/2010