investing

I bought some FE shares today right at 37.00. I will be cost averaging this position with future shares and dividend reinvestments. Also, I do not go all in, but instead this is my first purchase with the intent of scaling in. I will add more shares if it gets cheaper.

-S

Click for larger view

I have not purchased any FE stock yet. I am being very patient and continue to watch this energy stock. I am now looking for a continued pull back to the 34.00 - 36.00 range. The chart I am including in this post is a 2 year weekly. When or if the stochastics push down further I will buy . I will post if anything changes regarding FE.  This stock is a slow mover and I like it for my IRA. This is for a long term hold with the intention of reinvesting dividends.

How I allocate funds for Trading, Saving and Investing? Where do I put most of my money?

 These are rounded numbers, but you may get the point. I was suprised when I looked at the numbers and saw that I was sitting on half cash and half equities. It pretty much reflects my personal bias and uncertainty with the market right now. Let me explain.

Savings: The Fed is punishing those who save. You have to tie up your cash for 30 years to get a decent return on your money in a CD. No thanks. So for the immediate future I have very little sitting in my savings. Most of my money is being put to work in my day/swing trading account. Savings account is 10% of total assets.

I have just purchased a few shares of PFE for the long haul and will likely add more down the road. The above chart is a MONTLY chart.

I am plunking this stock into my IRA account and activating a DRIP program (Dividend Reinvestment Program).  If you qualify (and you probably do) then you seriously NEED a Roth IRA. You should at least look into it. It is after tax money that you deposit in your IRA account. The government (as of this blog post) does not tax capital gains or dividends in your roth. All gains such as dividends and profits from selling shares is yours to keep as long as you wait till the apropriate age or "seasoning period" to begin removing the funds for retirement.  Roth IRA info:

Note: By the way this is not an investment recommendation. You should do your own research and seek out a financial advisor before you invest any money in the stock market.

I made this chart a few days ago and I forgot to post. It was an update of ATVI's price action. At some point it looks to move to 13.00ish. (Unless the market goes south) It needs to hold these current  levels and break above the 200 day moving average still. Overall I think ATVI looks good here in the short (2 week ) - mid-term (2 month). I am holding a swing from 10.00. If it hits 12.50 I will reevaluate.

- S

No charts?!?! I wish I did, but I currently have no new stock picks to post. I suppose I could update some of my older charts with a new blurb or two as to what I see moving forward.  But I didn't want to do that. I put the charts out there, and unless something huge has changed in said stock I will let them be for now.

So why do I not have any new stocks to post? This is partly to do with my trading style along with the current state of the market.  I am a "buy into weakness" type of swing trader and investor. I have learned the hard way that I can get eaten up if I buy into momentum. The market definately has momentum right now and so I sit back and manage my current swing trades and I hold back on buying new positions in anything outside what I already own.