 DJIA Daily Chart
Ignore the News and Watch the Charts
21 May 2017 There's no doubt the markets are expensive, but so far they're not yet overbought. Last Wednesday's fall scared a lot of people but it never exceeded the Bollinger Bands. Then on Thursday and Friday it headed back toward its centerline. In fact volatility has been falling as can be easily seen in the BBs and the ADX. In this market I continue to sell options and fund purchases of dividend growth stocks. That seems to be the prudent choice in this environment, with the exception of the Technology Sector which continues to move based on earnings announcements and projections. But those are speculative buys and sells. Sunday Night: Futures are up just 13 points while Gold is flat at $1,254 per ounce. Monday Close: Markets jumped at the open but then flatlined the remainder of the day. The DJIA finished up 89 points at 20,894. The Technology Sector remains the place to own stocks as it moves higher. Overall the markets continue to move up without much enthusiasm. Tuesday Close: The markets once again struggled most of the day ending up just 43 points. This against the backdrop of another terrorist attack in the world. The markets are becoming numb to these things as they seem to have less and less affect on the financial markets. Tonight the futures are pointing at more of the same tomorrow. 
Always Have an Exit Strategy
19 May 2017 The exit strategy is always a mandatory precondition for any trade I enter. All other strategies will have disaster embedded at their core. All other strategies are simply an emotional reaction to events external to the markets. All other strategies will accentuate a reward while ignoring the damage that's incurred by accepting such an extensive implied risk. These are the strategies that I personally refuse to implement into my trading strategy. (Full Article)
Ryman Hospitality Properties
11 May 2017 Ryman Hospitality Properties is a hotel, resort, entertainment, and media company named after the National Historic Landmark - the Ryman Auditorium. The auditorium was originally built as a tabernacle by Captain Thomas G. Ryman in 1892 but later it became the home of the Grand Ole Opry (1943-1974). (Full Article)
Pepsico
3 May 2017 Pepsico needs little introduction. It's one of those rock solid consumer companies whose products are found in everyone's kitchen or pantry. But Pepsico is more than simply just a beverage company. In fact, it's more of a snack food company than a beverage company and the majority of their profits come from the snack food business. (Full Article)
Don't Just Do Something, Stand There
27 April 2017 I make most of my income in the stock market by doing nothing. Or at least by doing very little. And that’s on purpose. Generally speaking, the less I do, the more I make. This may seem sort of counterintuitive, but a lot of things in life are like that. And yet when I’m doing nothing, the hardest part of all is resisting the urge to do something. (Full Article) (This article was first published on 21 April 2014)
Double Entry Deviants
19 April 2017 I do not have, nor did I ever want, an accounting degree. I have a general understanding of accounting principles and I can read Income Statements, Balance Sheets, and Cash Flow Statements but I get a headache when I look at them for a very long time. What I'm really interested in is Total Revenue, Net Profit/Loss, and the Dividend Payment. (Full Article) (This article was first published on 29 August 2013)
Ultra Clean Holdings
5 April 2017 Ultra Clean is truly an investment in inertia. This stock has been moving higher since the beginning of 2016 when it bottomed after hitting $15 per share in early 2014. As the stock recently broke through resistance at $15 and moved higher, that was the signal for me to begin buying. There's no doubt at this point that the stock is showing every sign of being overbought but there's no sign that the stock wants to go anywhere but higher. (Full Article)
Weekend Review Charts
1 April 2017 Stock charts of companies that are technically strong can often be a fertile place to look for potential stock purchases for Aggressive Growth Investors. But one of the reasons they're technically strong is because they've already moved higher for an extended period of time, which make them vulnerable to a pullback. (Full Article)
RCI Hospitality is in Transition
29 March 2017 RCI Hospitality has moved up 60% since the last time I looked at the company (Last August) but this company hasn't nearly topped out yet. I expect this company to double again in the next 18 months and continue on from there. And it's all the result of two things, (1) management finally brought several MBAs to help manage the company and (2) their decision to expand their restaurant chain "Bombshells" beyond Texas. (Full Article)
Sierra Wireless
27 March 2017 Sierra Wireless sells mobile computing and machine-to-machine (M2M) communications products that work over cellular networks. Sierra Wireless sells 2G, 3G and 4G mobile broadband wireless modems, routers and gateways as well as software, tools, and services. (Full Article)
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In 2016 the DJIA ended at 19,762
In 2015 the DJIA ended at 17,425
In 2014 the DJIA ended at 17,823
In 2013 the DJIA ended at 16,576
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