Everbank has been added to the GWM New America folio

EverBank Financial

Everbank has been added to the GWM New America folio.



EverBank Financial provides a range of consumer, business, and mortgage banking services through several subsidiaries and divisions. Its EverBank subsidiary offers community banking services from more than a dozen branches in metro areas of Florida. The bank's wholesale lending division provides loan products to mortgage brokers nationwide while its Everhome Mortgage subsidiary services a nearly $60 billion home loan portfolio. EverBank Direct provides online banking and brokerage. EverBank's Advisor Services arm allows financial planners and investment professionals to offer banking and mortgage services to their clients. EverBank Financial also has units devoted to wealth management and commercial finance.

(click on chart for easier viewing)

Everbank Financial

Chart by MarketSmith

Everbank purchased on a Buyable Gap Up

General Market Condition

Market in Confirmed Uptrend

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Damn the Torpedoes - Full Speed Ahead

Investor's Business Daily confirms that Tuesday was a "FOLLOW-THROUGH-DAY" (FTD).

Investor's Business Daily's William O'Neal, says that after the market rallies off a bottom you need to look for a very strong up day (1.25% gain in one of the major market indexes on bigger volume) to confirm that the rally potentially has legs. This strong rally day should occur at least 4 days after the bottom was put in. He calls this a Follow Through Day. We had our FTD today.

My TradeStation FTD indicator picks this up.

NASDAQ COMPOSITE INDEX

FTD

"Not all Follow Through Days result in a successful rally, but, all successful rallies begin with a Follow Through Day."

The market brushed off the concerns of day and forged ahead to a new high today. I added to positions today and will continue to add positions as the market progresses. It is so much more comfortable investing  with the wind at your back.

PIMCO Dynamic Income Fund (PDI) - A GWM Flexible Income Folio holding

PIMCO Dynamic Income Fund (PDI)

PDI is delivering very nice perform as of late. It occupies a

50% position in the GWM Flexible Income Folio.

Yield

: 6.83%

PIMCO Dynamic Income Fund

Description

PIMCO Dynamic Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek current income and capital appreciation as a secondary objective. The Fund normally invests in a portfolio of debt obligations and other income-producing securities of varying maturities and related derivative instruments. The Fund may invest without limit in securities of United States issuers and without limit in securities of foreign issuers, securities traded principally outside of the United States, and securities denominated in currencies other than the United States dollar. The Fund invests at least 25% of its total assets in privately-issued mortgage-related and asset-backed securities. Allianz Global Investors Fund Management LLC is the investment manager of the Fund.

General Market Condition

Market in Confirmed Uptrend

Awe, Much Better

Lots of Green

Market Direction Model

Market in Confirmed Uptrend

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

I added to our Google and LinkedIN positions in the Core Equity folio

Google (GOOG) and LinkedIN (LNKD) are high conviction positions in GWM client accounts. Both now represent 25% positions each in the Core Equity folio. The Core Equity folio is now 85% invested and has 4 positions:

Celgene (CELG) 25%

Google (GOOG) 25%

LinkedIN 25%

Micheal Kors (KORS) 10%

Google Quote

https://www.google.com/finance?cid=694653

LinkedIN Quote

Adding on a dip.

https://www.google.com/finance?q=lnkd&ei=LA02UdDwM4elqgGO4AE

General Market Conditions

Bulls are pushing back

Investor's Business Daily
still has the market labeled as
"Market in Correction"

While we are not fully invested yet, our current folio holdings are out-performing the market quite handily.



This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

SPDR S&P Dividend ETF (SDY) A GWM Flexible Income folio holding

SPDR S&P Dividend ETF    The SPDR S&P Dividend ETF, symbol SDY, offers a very good yield plus appreciation potential. It is up 6.43% YTD. We have a large SDY position in the GWM FLexible Income folio. Fund Summary

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded issuers that have historically followed a policy of making dividend payments. The fund employs a sampling strategy in seeking to track the performance of the S&P High Yield Dividend Aristocrats Index. It generally invests substantially all, but at least 80%, of total assets in the securities comprising the index. The fund may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. It is non-diversified. Fund Overview

Celgene (CELG) Breaks Out to the Upside Once Again

After digesting the big gains made earlier in the year, Celegene, a NEW America folio position,  has broken out to the upside once again. This is one of my top high conviction picks. It currently represent 25% of the New America folio. As I write it is up another 1.47%.

I have been carefully and methodically adding high conviction positions to GWM Model Portfolios.

(click on chart for easier viewing)

Celgene Chart

The recent tight price pattern in Celgene
tells me that institutions are providing good support
for this stock.
The big boys seem to have a methodical  and continuing
buy program  in place. This is something I look for.

Even after a nice bounce the market remains vulnerable to political headline news, so caution is still the word of the day. At the moment Investor's Business Daily still has the market condition labeled as  "Market in Correction". A mostly defensive posture is still appropriate. It's not time to back up the truck yet.

Market Snapshot

02/28/2013

The Market Snapshot is depicting indecision on the part of investors.
There is a stalemate standoff between the Bull and Bears.
It still could go either way. 

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

Five Below ( FIVE) - A GWM New America folio holding

Five Below is a new GWM New America folio Position Business Summary   Five Below, Inc. operates as a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The company’s stores offer approximately 4,000 stock-keeping units across various product categories, including style, room, sports, media, crafts, party, candy, and seasonal. As of October 27, 2012, it operated 243 stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Massachusetts, New Hampshire, West Virginia, North Carolina, New York, Connecticut, Rhode Island, Ohio, Illinois, Indiana, and Michigan under the name ‘Five Below’. The company was formerly known as Cheap Holdings, Inc. and changed its name to Five Below, Inc. in July 2002. Five Below, Inc. was founded in 2002 and is headquartered in Philadelphia, Pennsylvania.