Friday Morning.

A not-so-stupid stock trick was the purchase of a small position in SXI. It looked like the chart was showing some strength. Again, small position. I bought at the comment flag. This stock is trying to recover from a downtrend.

Here's a brief blurb from Yahoo: "Standex International Corporation operates as a diversified manufacturing company worldwide. The company operates in five segments: Food Service Equipment, Air Distribution Products, Engraving Products, Hydraulics Products, and Engineered Products." They also pay a 4.39% dividend.

----------------------------------------------------------------------------
Over the past month, most recently on January 29 when I posted this, I've wondered out loud what would happen if the USD were to strengthen--specifically, whether or not we would expect to see stocks (multinationals such as GE) that have been widely touted as benefiting from such weakness, now being soft pedaled. Here's a chart of the USD. It looks to be finding a bottom, but in all things technical (and fundamental) with respect to stocks, only time will tell.


Within the course of 2 days, I've seen more chatter about this bottoming phenomena--John Murphy, Gary Kaltbaum, Helene Meisler and some TV media folks.

We will likely see the Japanese market begin to recover with a USD recovery--it might be something that you want to watch. My current thesis is that with a USD recovery, our markets will be attractive to foreign money. I want to start nibbling at a few things, as I'm very uninvested. Small positions, very gradually.

GaryK is waiting for a follow through day. It's Friday; perhaps we'll get it today.