It looks like the slide has stopped. Let’s see if 26 support is held.
The uptrend line is still intact. It could go either direction based on earning related acitivities.
Tag Archives: Pmcgx
Open a position in PMCGX
Well, New Year has not brought much upside. Instead, it has wiped out last month’s gain! I opened a position in PMCGX in 401k account as it’s in over sold condition. I expect that the current uptrend will continue, I may add more until it goes below 22 where my stop loss is set.
Open a position in PMCGX
Well, New Year has not brought much upside. Instead, it has wiped out last month’s gain! I opened a position in PMCGX in 401k account as it’s in over sold condition. I expect that the current uptrend will continue, I may add more until it goes below 22 where my stop loss is set.
JANSX and PMCGX
JANSX continued to move up after a little dip. I actually closed my JANSX position (+6.13%) at that dip as I thought that it had reversed and didn’t want to wait for another confirmation. It has a major resistence at 24.
PMCGX is at 52-week high right now. I closed it at the same time when I closed JANSX. Bad move! The next resistence is at 25.
As we approach the 2004 year end, my current 401(k) has 75% in a stable value fund (earning a little over 4%) and 25% in international funds with exposure to Europe and Asia Pacific. I have always maintained at least 25% cash in this account.
The overall return is YTD 9.6%, compared to JANSX 1.75%, PMCGX 14.13%, TEMFX 13.18%, AEPGX 14.43%, S&P 500 about 6%, QQQ about 8%, RUT about 14% and INDU about 1%.
INTC, MSFT, SUNW, RHAT, LU, QQQ and RUT
INTC has stablized from declining. We may see some kind of bounce to 22. AH quote is at 20.96 x 21.00 on INET.
MSFT will form a triple-top around 28.6.
SUNW broke its short-term uptrend, but held up at 4. It has to break out from 4.3 to resume the uptrend. The large volume and volatility on Friday might be related to option expiration maneuver.
RHAT is building a base above support at 12.
QQQ has maintained its uptrend line. It bounced back right from the uptrend line on Friday and today.
RUT broke the uptrend line slightly. I have opened a new position on PMCGX, which closely follows RUT. I will close half when RUT is at 593 or stop out at 555.