Today's GDP earnings fueled an amazing rally on Wall Street. I am not sold on this GDP number. After listening Fast Money last night, I did some work and decided to pick TJX Companies (TJX). TJX was close to it's 50 day moving average. Our strategy is to buy at 50 day moving average and sell after 3% jump. I also have been checking General Electric (GE) and I think it is a good buy here.
3% Return Strategy:
- Buy a stock at weakness or strength
- Sell after 3% price increase, or 6% price drop
29 October 2009 Transactions:
- BOUGHT 80 SHARES OF TJX AT $37.75
- BOUGHT 200 SHARES OF GE AT $14.51
- SOLD 200 SHARES OF GE AT $14.95
- Commission $21
29 October 2009 Positions:
80 SHARES OF TJX
Account Balance:
Starting Account: $10,000
Current Account Value: $10,202
Net Gain: $202
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