"HOUSTON WE HAVE A PROBLEM"

                                                "THAT'S JUST MY OPINION" - VOL. 34
So in 2014 - 18.6 Billion dollars - that's the outflows out of emerging markets and ETF'S that are in emerging markets so far this year!!!! Where did that money go? First it went into safe havens - like the US treasury markets!!! In my last blog #33 I told you that the US market - The DOW was poised for a 700 point rally - in a very short period of time!!!
Well - two trading days later the DOW is up 353.85 points!!!!!!
Now looking at my charts, the next resistance on the DOW is 16,101.35!!!! Please keep that number in mind!!! Why? Because that will either be the top of this rally or if penetrates that number on two closings, this market will test the high of 16,576.66 in the DOW made on Dec. 31st, 2013!!!!! That's why "HOUSTON WE HAVE A PROBLEM" !!!!!!!!!!!!!!!!
We will get to 16,101.34 in the DOW shortly!!! When we get there stay tuned!!!
                                                  "THAT'S JUST MY OPINION"
Let's look at this week's stats!!
The Dow closed at 15,794.08 - up 95.23 or up 0.61% But it is still down around 4and1/2 % for 2014!
Now let's look at my wife's and my son's holdings.
DIS - closed at $75.67 - up $3.06 for the week or up 4.21% - this is one one of their largest positions!
MU - closed at $24.51 - up $1.47 for the week or up 6.38% - this is their second largest positions!
NKE - closed at $72.69 - down 0.16 cents for the week or down 0.22% - this is their third largest position!
AIG - closed at $49.01 - up $1.05 for the week or up 2.19% - this is their 4th largest position!
JCI - closed at $46.67 - up 0.55 cents for the week or up 1.19% - this is their 5th largest position!
SD - closed at $6.14 - down .01 cents for the week or down 0.16% - this is their 6th largest position!
RIG - closed at $42.33 - down .95 cents for the week or down 2.20% - this is their 7th largest position!
If this stock goes down any further - It could be a take over target!
CHK - closed at $24.59 - down $2.32 for the week or down 8.02% - They have a very small position in this stock! I bought more today at $ 24.19 bringing their average to $25.5311!!!
FDML - closed at $16.69 down $1.19 for the week or down 6.66% - they have a ver small position in this stock - however, I missed buying more today by .10 cents!!!
My Wife and my Son are only down around 1 % this year !!! - But not for long!!!
                                                      "THAT'S JUST MY OPINION"

Thank You;
Len Dwelle
lendwelle@hotmail.com