Bookkeeping: Adding to Discover Financial (DFS) - Trader Mark

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Bookkeeping: Adding to Discover Financial (DFS)
Nov 09, 2009 03:29 PM UTC

Trader Mark

Return	Risk
-7.03%	MID

Analyst

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
DFS	n/a

Via Fund my Mutual Fund:

As we did Friday with 4 other positions, as Discover Financial Services (DFS) breaks back north of the 50 day moving average we will re-expand our allocation; I am adding 1% exposure in the $14.90s.

On a side note - the Russell 2000 we noted as a lagging index is progressing nicely intraday, having pierced the 20 and 50 day moving averages at once... a close over this level, as noted in our weekly summary, would be beneficial to the bulls.

One month ago at this time, we began a furious rally the Monday after a poor jobs report. I said at that moment "poor job report? what poor job report?" Rinse. Wash. Repeat. October. November. Potato. Tomato.

Long Discover Financial in fund; no personal position

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