The major averages began the week modestly lower Monday as concerns over the global economy deepened following a weak trade report of China and lackluster growth in Japan. Stock prices fell again on Tuesday as commodity prices continued to suffer from Chinese trade data, and concerns mounted over the tension between Russia and Ukraine causing investors to take profits. During a convergence or decline bulls are fearful to give back profits and bears come out of hibernation. Trading was relatively quite mid-week with the major averages finishing the day mixed. We at Stock Genie Group were seeing some vital signs and suggested we should scale back on our long positions and go short to manage losses on our positions we wanted to keep for the long term in the portfolio. We bought puts in the S&P 500 very close to being in the money and played with Thursdays extremely volatile session. In the morning we saw a quick rise in the major indices and took advantage of what we though may be a swift turn around. Russia began military training operations near the Ukrainian border reigniting fears and sending the markets for a tail spin to the downside. Uncertainty surrounding the Ukraine situation continued to spook investors and punish stocks Friday. All the major Indexes finished the week in the red with the Dow experiencing ots first five session weekly loss since May 2012, losing 2.4% overall, the S&P 500 falling 2.0% and the Nasdaq picking up its first weekly loss in six weeks, declining 2.1%. The best Industries for the week were Utilities, Mining Gold/Silver, Foods-Grains. Some of our best performing stocks in our holdings were TSN, ABT, PLUG up over 630% as we sold while most were buying after having it in our portfolio since last year as a Treasure Island stock recommended below $1.00 then shorted as most investors chased it over $12.00. Another safe haven was the small cap. stock area which we have the most amount of alerts in my Proprietary Stock Picking system (PSP) for Treasure Island Purchases this week then we seen in 3 months to be revealed to SGGS members only! Those new Picks are: ### =buy or add to position ####= Strong buy or add to position ####= Add to position ####= wait for alert to purchase and place on watch list. ###= HOLD ###= ADD to position ####= wait for alert to purchase, but add to watchlist. We added ##### and are looking to add to more value plays in the #### sector as well. Also, the POT field continues to grow higher and higher as we also added #### and several others we will go over on the Conference Calls. We are very grateful for the addition members this week in our growing intelligent stock investor family, and our chat has become a forum for many new ideas and investors at all different levels to brainstorm and come together as a team. Thank You, Keith M. Ferriola
Posted on: Sat, 15 Mar 2014 12:56:37 +0000
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