10.5.07

10.05.07

            This is the kind of week we really like. Monday was the first day of the week, as we all know, but it was also the first trading day of the fourth quarter.  And it turned out to be a good day across the board. The middle three day was a non-event and then Friday was another zinger to the upside. For the week all five of our favorite indices were moneymakers. We spent the entire week with a 50% exposure to the NDX and the other 50% in the DJI. With that mix we showed a profit for the week of + 2.03 %.  We’re keeping the same mix for Monday to start off next week.

            Remember all the talk about the volatility index being so high only a few weeks back? Well today it hit its lowest point since July while the SP 500 hit a new record high of 1561.61 late this afternoon. It closed at 1557.59, up 2.02% for the week. As is so often the case, the big loser for previous week was the big winner this week; the R2K, up 4.83%.  The DJI, NDX, and COMP were up 1.23%, 2.80%, and 2.92% for the week.

            All the technicals are reading well. Moving averages, stochastic’s, A/D line, new highs vs. new lows, up to down volume, etc. etc.  Of course we have earnings reports to contend with for the next few weeks. As always, stay alert. By he way, the stock market is open on Monday.

Till next time,

The MTA Staff