KO is once again chart of the week blasting out to a new 52-week high on Friday. I'm up up about 10% on this position since my entry at 52 back on 9/14/2009. My buddy Anthony pointed out a news story that KO was dropped from Costco stores due a price dispute. But that wasn't enough to keep the stock down.
Back to alphabetical positons review...
AAPL/APVAJ - Apple long stock and the AAPL Jan 150 call. In the money about 10 points on the stock, but down about 5 points on the long call.
AUY - Uptrend remains intact, but is being dwarfed somewhat by trend in the underlying as measured by GLD.
C - Daily is now clearly in a downtrend but weekly remains positive. Industry leaders GS, JPM, BAC are all displaying similar patterns. This tells me that is more of a sector issue at this point then a single-stock issue. But overall, this is about 2% of my portfolio. Since i've taken such as pasting from the financials, at this point i'm willing to let it ride.
I saw an interesting article about an upcoming accounting change that will affect the financials described here->
http://www.wealthdaily.com/articles/why-financials-really-are-in-trouble/2187?lloct=2
DIA - is a beautiful looking chart. Components AXP, DIS, JNJ, KO, MCD, MRK, PFE, UTX, WMT are all looking pretty. DIA is outperforming SPY lately, though still well behind SPY on a year to date basis. Sticking with it for now.
EEM - Chart is showing some distribution. This ETF is a slave to the global equity markets.
HMSY - Small amount of distribution here, nothing significant.
KO - Already covered above
MYRX - Last Friday, Piper Jafray upgraded Myraid Pharma from underweight to neutral. The company has a number of cancer drugs in the pipeline and the analyst says "...We view Myriad's pipeline as early and highly speculative."
NEOG - Neogen announced a 3 for 2 stock split for Stockholders of record as of November 30, 2009. Other than that, no news this past week.
SPY - Stock remains above both the daily and weekly range bands.
USO - Stock remains above both daily and weekly range bands, but the daily is pulling back slightly.
XLB - Select sector materials, remains above the daily and weekly range bands.
YUM - The company declared a dividend payable of 21 cents a share payable in February. The company targets paying out 35-40% of its earnings in dividends.
CD Review
Taxable
LEHMAN BROS FSB WILMINGTON DEL C/D FDIC INS TO LIMITS 5.30% 05/17/2010
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
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
That's it, have a great week and keep your power dry.