Market internals are much healthier than before...
Advancing volume had substantial lead in NYSE & Nasdaq....
New 52 wk high were leading by big margin on both NYSE & Nasdaq...
I sold all FMCN & booked $3.76 gain per share.....I will be booking gain when prudent and will buy strong stocks which have pulled back.....another way of managing risk/reward ratio.
I bought AMZN as it has pulled back $10 from its recent high.....because Jimmy the Cramer has sold it for his class...so it is naturally a buy...AMZN is in its strongest Q.....because of runup in Gasoline most consumers are comfortable in going online & buying things from places like AMZN....saves gas & money...so they will be able to spend more....My cost on AMZN $90.74...
In my portfolio VMW was "the superstar to be in my show" UP a whopping $8.69 to an all-time high...on very heavy volume.....$135 is the target by most analyst.....
RIMM is getting closer to its all-time high UP $2.25......
My other stocks SINA,AAPL were small green in reg hr......
AH.....SINA jumped to a new all-time high UP a further $2.30..... on better than expected ER from SOHU.....as predicted in my BLOG $$$$$
SOHU is flying AH UP a total of $8++ on a beat & guiding higher $$$$
I had another extremely productive day UP 3.2% $$$$$
I highly recommend booking profit as markets are moving higher and buying strong stocks which have corrected slightly...also wed is fed rate cut day...there MAY be "sell on the news"
You can alway's buy the same stocks "again" if markets are trending higher on fed cut !!!!
Be wise.... and keep booking profit...stocks buying & selling should be "unemotional"...I am very high on many many stocks based on my FA/TA & intuition 101...but do not hesitate to sell ...to book a gain....
Good luck on tuesday as it is positioning to be another UP day $$$$
GOLD UP in record territory....
OIL UP in record territory...
Nasdaq UP and in new high....since 2000....
Serious money is being made...IF you are on the right side of trade...& in strong stocks in a diversified manner......
My portfolio is :
AAPL,AMZN,RVBD,SINA,VMW & RIMM.......
BLOG does not give buy or sell.
Saleem
1 comment:
Hi Saleem.
I've used your advice as a confirmation on some of my trades. I bought SINA today somewhat at your insistance. Thanks.
I see you are inesting on RVBD. I know its competitor somewhat and believe that RVBD is losing the market to BCSI. The potential is much higher with BCSI. BCSI went down because of bad report by RVBD. After the report BCSI should recover and more. Recommend BCSI over RVBD.
Magic
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