I don't get a lot of time to post during the day (I still have a day job), but when I get a chance and want to share something I try to do at least a quick post.
CLX.png
Back in September I showed a chart of CLX and while I don't currently have it as one of my model portfolio stocks, I track it nonetheless. It's a good long term buy and hold stock. As I mentioned in September's post, price had to get above the cloud (resistance) if it was to attempt to break out of its downtrend. It took a few more weeks, but look at the move it's made of late. That's what I like about large, solid, dividend companies. They don't generally fall apart. Patience is often rewarded in this market sector.
As you may know, I bought IBM last week and it's making a move higher currently. BP, another stock I own, is breaking out. If you had bought Nestle a while back, you'd be in the money too. ABT, UL, and Coke are moving up too. Yesterday, I bought EXC, which I have been pointing out in my premium service was at multi-year lows. It appears to be trying to breakout now too. Here's some updated charts:
ABT.png
BP.png
IBM.png
EXC.png
I know many of you are focused on leveraged instruments, but there are other, less stressful opportunities. I would recommend allocating some of your portfolio to another strategy such as dividend investing. It's another way to diversify your risk. By the way, I bought some EXC yesterday.
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