It’s Saturday again and it’s the day again for me to evaluate the performance of the stocks KUTE has selected. The KUTE system has predicted that the markets will be trading broad range and will close the week flat with the possibility of downside decline. Last Friday’s close was 10.471.50, and DJIA closed at 10,328.89 and the week’s range was 10.237.75 to 10,566.68. For the individual stocks, the recommendation was to buy at dip and sell at target. These are the performance of the selected stocks;
Stocks Last Friday’s close Yesterday’s close Week’s range
NOV $43.94 $43.28 $42.99 to $45.78
DOX $27.14 $27.44 $26.92 to $27.59
TDW $44.18 $46.65 $44.48 to $47.14
NE $40.40 $41.09 $40.69 to $42.60
FCN $46.20 $45.79 $45.20 to $47.18
For the read on the above selection, please go to this blog;
http://profitablestocktrading.blogspot.com/2009/12/new-kute-selection-for-week-beginning.html
FCN was not included in the final shortlist so I have avoided the losses. As for NOV, money was made when the stock was bought at KUTE’s entering level and sold at target. For the entering decisions, please read this blog; http://profitablestocktrading.blogspot.com/2009/12/entering-decisions.html
I have 2 new positions for NOV bought at $44.23 and $43.29 when it hit my buy order last night when I was enjoying my drinks last night and both positions are out-of-the-money, and I am still holding to my sole position in DOX. As for Citigroup, I am glad that it did not get worst and hopefully it will start to appreciate back to my buying price.
Have a great week and I look forward to next Monday for the new KUTE selection for next week.
Francies Cheng
BBus MAppliedFinance
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