Good Afternoon,

Stocks rose Thursday, extending their gains from the day before, after reports on housing, manufacturing and jobs all indicated that the economy continues to grow.

The Dow Jones industrial average rose 50 points, having jumped 254 on Wednesday thanks to strong reports on manufacturing in the U.S. and China. Broader indexes also rose.

The portfolio had another good day today. We put ourselves in a nice position during the recent sell-off to find stocks that were technically sound but oversold. We are starting to see the benefits of our actions over the last few sessions.

Isilon Systems Inc (ISLN) is up nearly 10% since our entry and may still have a long way to go! We have a real strong moving average divergence to the positive side and this stock is still considered in play for an acquisition. Until the rumors quiet down, or this stock breaks down, we’re going to let it run. We are going to protect our profits though. We are moving our stop-loss order on Isilon Systems from $18.60 to $21.50.

Our newest entry also had a nice day. TIBCO Software Inc (TIBX) was up nicely on the day. This stock continues to set new highs and hopefully this pattern will continue.

Radware Ltd (RDWR) had another strong day today. This stock has been consolidating lately, but if it can break through resistance and hold above $25.25 we may see a quick burst to the upside.

Going into the long weekend tomorrow we decided to hold off on entering any positions on our watch list. There will be too much uncertainty and we don’t want to add risk right now to the portfolio. Hopefully we can put some money in our pockets going into the weekend and then look to make some fresh plays Tuesday. Have a great evening!

TEN Exclusive: Portfolio Update – 9/2/10 is an article from: