Around 2PM markets are doing Willie Nelson's song ....on the road AGAIN....going NORTH.
This is what is known in the text book...as a classic BULL market strength...
Shorts needed 3 days of BREAK since end of Feb.....when BULLS decimated most of the SHORTS.....NOW shorts are in TROUBLE AGAIN...................
I booked profit in JNPR and bought KGC ...a gold play......GOLD has been decimated today....and gold stocks were on fire sale.
STP is my DUD in the portfolio.....today's LOW of $31.41.....may STAND as SUPPORT...so I hope.
SNDK is moving BETTER than market since OPEN.
RIMM is in GREEN which is nice to see.
NMX is still small RED......after opening crude futures market in Dubai.....where NMX is 33% owner.....they just announced that PUTIN wants NMX to open an OIL bourse project in Russia.
Hope your day is going well also.
Condolence to fast Money & Cramer for losing money in their SHORT positions......it is not easy to make money as a SHORT in a STRONG bull market.....There goes Mercedes DEPOSIT....in SMOKE !!!
Good luck on your due diligence.
BLOG ddoes not give buy or sell.
Saleem
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