Hello All,

Big Powell move and waiting around ever since.  After the massive upside move the indices have opened weak each day but held up so far yet haven’t advanced.  Holding pattern, no doubt due to the G20 news-pending or maybe not.

Anyway, we’ve got several bull names to update on to this point.

KR was our official idea and it did OK to start but has suddenly weakened today and not followed through.  Not a good sign.  A close below the 100 SMA at $29.60 would be an issue so watch it carefully.

UN hasn’t done much after looking like it may.  Disappointing.  Possibly KR and UN being defensive names to an extent is hurting them.
MDT has done all we could ask and if the market rally continues it should make our $100.00ish target level.
MNST has moved up consistently and looks primed to continue if the market supports it.
PFE has surpassed our target and made a new closing high.
AMAT has moved through our level but not galloped to the next one.  It’s in a holding pattern with the market.
CREE was doing well until Morgan Stanley downgraded it to underweight from neutral.  Thanks MS!  It was on it’s way and now it’s down about $0.30 since we spotted it on Tuesday.  Today’s low is $43.06 and a close below it would be enough to move on to greener pastures for us.  That would show a failure to hold several key SMAs.

PDCO became a no-go on webinar day to news that morning that they would release their earnings later than expected.

CHKP was our sole bear but never had a chance to approach the trigger level due to the ramp up on Powell’s comments.

We’ll soon see what comes our way!  More when warranted!

Thanks,

Wayne