We participated in the big day today, of course not as much as we would have liked because we are in 85% cash, but still a good day for the portfolio. RIG has been up 7% in the past 2 days and our other positions have continued to work. The S&P is up against the…

Not much to do today amidst the wild volatility. RIG followed through nicely on yesterday’s strength. Not using a stop-loss because the position size is so small and most of the selling pressure is behind the stock. Eyeing some other cheap names in the meantime as we have a hoard of cash at our disposal. I must say, I…

Folks, now is not the time to be getting aggressive in the markets. We are still in 85% cash waiting for the global picture to improve. But there are some cheap bargains out there, I believe. So we pulled the trigger on RIG today. Of all the energy names out there, RIG is cheap compared…

Market opened up higher this morning but failed up against the 100. It then proceeded to grapple with the 50 below it. I am looking to by RIG but today just did not present the opportunity. A famous trader once said that the key to buying stocks is patience, similar to a cheetah stalking its…

Transocean (RIG) In our relentless search for risk reduction and diversification, we are eyeing Transocean (RIG). While natural gas rig counts have declined due to falling nat gas prices, oil rig counts have remained stable. The global economic outlook is not pretty, but RIG yields a 7% dividend and is showing some nice technical developments-…

Not much happening today except that we are down another 150 points on the Dow (no surprise, again because all we are hoping for at this point are bailouts, stock valuations getting attractive, and positive earnings estimates). But with the slew of negative data out today (check my twitter page under Top Traders), I am…

A top-quality discount retailer, TJX (TJ Max & Marshalls) is a leader amongst its peers. TJX posted a “7% increase in same-store sales, topping expectations, with the company saying customer traffic significantly increased in every division. The off-price retailer also lifted its second-quarter and full-year outlooks” (Dow Jones). I am looking to add this name to the portfolio as…

After a great 4th of July, the S&P is giving back gains from Tuesday. We are still holding the 100 but, we got stopped out of Upro for a 2% loss. Rather, I was shaken out early (as we have rallied back). But with more negative data released today, maybe it was a blessing in disguise….

The market failed to break through the 100 day resistance level- down 50 points here so far. We had weak manufacturing numbers out of China, bulls only care about bailouts in Europe (not slower growth or earnings), and the U.S. is still a mess with 9% unemployment. With no reason to pull the trigger, patience…