Daily Market Snapshot for 01 30 2012

The market is digesting some of it's
recent gains. A bit of a pullback
at this point would not be a bad thing.

After being down 130 points, the DOW fought it's way back to down just -.05%. The European debt crisis is once again gaining attention due to the upcoming important meeting in Brussels. This may pressure the market for another couple days.

Dow Jones Industrial Average
gave a neutral reading (yellow).
The only yellow in the
 current sea of green

The intermediate term trend remains up. The short term trend is displaying some negativity. I believe this will be the pause that refreshes.





(Click on the charts for easier viewing)


 

Equity Sector Rotation



Green represents the best performing sectors.
We avoid the red, unless bottom fishing.



Our big cap tech stocks held up very well today as the market sold off this morning. It is always a nice confirmation of a good buy decision when they behave so well. I'm talking about Apple and IBM, holdings in our Core Equity folio.

We have avoided the consumer staples since the first of the year. There comes a point when some of these oversold sectors offer some good bottom fishing opportunities. I did pick up some Phillip Morris today when it bounced off it's lower bollinger band on an analyst upgrade. It's currently yielding a very high 5.72%.

Phillip Morris

 We have a good bit of cash on hand. I feel comfortable buying the upcoming dip.