Playing the Game

7th Inning Stretch - As mentioned over the last couple of weeks, our market outlook for the short term remains cautious with volatility expected to continue. As the DJIA reached an all-time high level today, we decided to take gains in certain individual stock positions as we continue to add to our cash position. These sells included ABM Industries, Comcast, Genuine Parts and World Wrestling Entertainment. ABM reported better than expected earnings yesterday after the market close which saw the stock jump upwards of 10% today. WWE is another one to note as we sold it for about an 8% gain after only holding it for one week. Expect more action to continue as we remain patient for our buy point. Continue to check our blog for specific updates from our IMT. -The Closer

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