In only a few words;
"Don't fight the Fed" and "Follow the Trend".
... Because that is all we do here!
Though the 'Financials' are certainly not out of the woods yet, conviction continues as we can only follow the technical indicators here with our DJTP, and we have purchased the following companies whereby the MACD indicator and "volume+" flashed a 'BUY':
AXP ...$45
C ......$24
CVX ...$89
GE .....$33
INTC ..$21.70
JNJ ....$65.50
3M ....$80
T ......$37
Chevron (CVX) and Bank of America (BAC) were recently added to the Dow Jones Industrial Average, and will now be tracked from here on out in our DJTP.
