Hello. As I mentioned in Bquat's thread, my status of late is...I've been coasting/ on autopilot for awhile. Between that, summer excitement and projects I haven't had much time to comment but still drop by once in awhile to see how things are going.
I've been concerned for some time, months now, about the drop in Transports and seeming flat-linning of the major indexes. I've been watching for "deals" in blue chip dividend stocks with an eye on the long term (20+ years to retirement for me) for my Roth and am finding more and more "deals" as time wears on. That, seemingly, means we are working off "overbought" conditions which I see as a good thing for the long term. As such I'm making some strategic purchases here and there. I find the price movements a bit more concerning for the short term. Keeping an eye out for any "rounding" in flatish patterns we've seen. Tom mentioned that in the commentary yesterday adding fuel to those thoughts. Only time will tell but I'm seeing some rocky roads ahead and hope I have the wherewithal to pounce and make strategic purchases with an eye on the long-term.
at the moment my TSP is fully invested in C and S.
Recent acquisitions are: EMR, MMM, CSCO, JNJ, TXN, and I added a few shares to my XOM position (barf). I'm likely about to pull the trigger on some CVS and PG, liking the pricing of late buy I'm keeping some cash available in case things continue floundering. I'm also holding a dang-blasted short ETF that I should have sold eons ago. I am, however, still unable to shake those bearish tendencies I've had for the last year and looking to it as a means of raising money for future purchases (I do wish I just had cash, not shorts though)
Take care all and enjoy what's left of summer. Been beautiful this year in Utah.