Market Pullback

This morning, the market opened up rather red as debt worries in Italy and Spain resurfaced.  Most stocks are in the red but a majority still trade above their 7 dmas.  For my 3 positions, the pullback has not been too severe.  TSO has been the most volatile being down 2%, then going green, to now being down 1%.  This kind of volatility for TSO is not uncommon and I continue to hold expecting it to bust through the $50 mark.  FCX is up as I write which is nice to see.  It like TSO continues to hold its bullish parameters.  DDS is the weakest position as it is testing the 7 dma.  I will wait til the market close to decide on holding or leaving the position but for now, I continue to hold all 3.

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Posted on February 4, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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