No 'Conventional Wisdom' and Plenty of 'Technical Conviction' Equals "New Buys!"

In this Bear Market, new conviction has finally surfaced as some stocks bounce off 'older' major support levels, thus we have purchased the following companies whereby the MACD indicator and "volume+" flashed a 'BUY':

AA ....$33.50
AIG ...$48
CAT ...$71
DD ....$45
DIS... $30.60
IBM... $107

On the flip side, we have a 'SELL' on the following stocks:

KO
MO
MSFT
PFE

Notes:
Pfizer (PFE) simply is breaking down lower since December 2007, and finally hit our -6% 'STOP'... Meanwhile, Altria (MO) also best known as 'Big-MO' (which we held in our DJT portfolio since 3/30/07 for a +18% profit, and it's now time to let it go), will spin-off the Philip Morris division into a new company called Philip Morris International (Symbol PM) .

On that note and more importantly as it relates to our DOW JONES TRADER PORTFOLIO, this upcoming February 19, 2008 a change of the Dow 30 components will occur as Altria Group (MO) and Honeywell (HON) will be replaced by Chevron (CVX) and Bank of America (BAC).

... and until next time, we keep on following "The Big Money".