Markets are doing a strong early follow through ...after a HUGE run yesterday.
Financials are strong second day in a row also.....
Financials must participate for rally to be sustained in a meaningful manner.....
In My portfolio :
CSIQ UP $1.25
CMED down 27 cents
RIMM UP $1.44
COIN down 17 cents
@ 11.14 AM the following are Green :
MA,GS,JNPR,DUG,BRCM,C,TSL,SNDK,VMW,AAPL,CTRP,
BIDU,LVS,POT,SPWR,FSLR,ISRG,XLF,AMZN,GOOG,FWLT,
SOHU,STP,GRMN,WFR.
Good luck for rest of the day.
BLOG does NOT give buy or sell.
Saleem
13 comments:
SALEEM
CSIQ is still on fire
Great pick
LDK is red again
Peace
Madmax
Hi Madmax,
Yes...CSIQ IS working for both you & me.
Thanks for IBD list..it is useful.
Saleem
Hi Saleem,
Just saying hi and giving little update. I am still CHNR and MON but I picked up a little BABY (wah) this morning while it was napping. Thats it. I was thinking about a small position in TKC while its down today but I haven't as of yet. I hope we bounce up into the close. China stocks not doing much today so I don't hold much hope for my CHNR until they get moving again.
Your CMED is holding tough and CSIQ and RIMM looking good. COIN probably just needs a stronger market being a small cap. A nice positive day and it will make you some coin. LOL. I hope we close strong and like you said some good financial stocks participation would not be a bad sign. A down day today would add to my market fatigue. Brain is getting tired and emotions about the same. I know we all are feeling that. I wouldn't doubt that the MM's are even feeling it.
Talk soon.
Hi Doug,
I am NOT happy with COIN tape.
I am looking @ one gold play EGO & DUG.....
Try to be in stocks which have strong tape action.....
We do not get too many chance to recoup money...so bargain OUT & STRONG tape IN....
FWIW
Saleem
Thanks for helping me to focus on the strong and not the bargain. I am not liking the way BABY is acting at all either Saleem. Similar in price to COIN. This is a good example of what you are talking about. I want to have better discipline but I keep going back to the tempting, for home runs instead of the singles. I have to break this poor focus. MA is looking good as a better example. Would you agree?
Hi Doug,
Just sold COIN and booked another loss.....
Ye MA is "super strong"
Bought DUG & EGO...
Saleem
DOUG
Be care full today......
This is one tough market and it has not settled down yet. MA is responding to being beaten down
unmercyfully! Smile
Look at GS, DFC moving up!! Not all fiancials are participating.
Good luck
Did you buy UPL or XTO??
M
Hi MAX,
I currently own CHNR, MON and BABY. I am trying to stay in stocks that have a chance in bad tape i.e. commodities/energy, Agri. and Medical. All kind of recession plays. The problem I think that Saleem was eluding to, is the cheap nature of CHNR and BABY, not leaders in their sectors... I have some cash and a quick sell trigger to add more cash, to play it safe, but I want exposure in case of an upside surprise market. I would like to add an inverse ETF back to my game as a hedge, like MINA has been doing. I was doing that for a few weeks and it was working for me. My problem right now that I am struggling with greed and trying to make up for some big losses. That mindset can get me in big trouble, It is one thing to know this, but another to be disciplined and not make the mistakes anyway. This is such hard tape, I almost feel like I am not working but just sitting.
Just sold MON for a tiny loss. IH said if it didnt hold or break $110, they might let it go. No stop out yet but I decided to sell for less damage quickly. Rather be safe than sorry in this mean environment.
MON just got stopped out by IH. glad I sold.
BABY just got stopped out by IH. I sold.
Hi Saleem. Thanks for the info on DUG. Oil up again today but dug had a decent gain. Probably smart geting out of COIN. I may be wrong (I often am) but it looks like it may take out the 50 dma after it's failed breakout attempt. However, the volume to the downside has not been that high so it may just be beginning a basing period. EGO looks like a good bet. I think now (US dollar dropping) that everyone should have a gold stock or own GLD as an alternative. I own AUY.
Hi Minaccess,
Thanks for your feedback.
I follow tape closely...
Trading is NOT a love affair.....either it IS working or it is NOT.....
Relative strength or weakness is NOT hard to see......
DUG is very exciting......nice to see giving me some dough on day 1...a rarity these days.
Saleem
Post a Comment