Markets are down sharply on PPI data showing inflation on the rise.....
Inflation rising is NOT a news.....inflation is being felt by every consumer all over the world.
Inflation is there because of SLUMPING US $......
Inflation is there because all commodities have taken off ...thanks to US$ SLUMP...so a double whammy for consumers worldwide as everything is priced in SLUMPING US$...
Is that a news to the markets...Absolutely NOT.......
So...why is market taking a HIT today......because it was OVERBOUGHT !!!!
I am saying WAS overbought...because after today's SLUMP...we are back to EVEN...neither overbought or oversold.....
So what does toady's selloff CREATES.......a BUYING opportunity......!!!!
Instead of reacting negatively to a down day ...be ready with your buy list and execute !!!!
In my portfolio :
NTES down 31 cents
RIMM down 60 cents
SOL down 84 cents
V down 7 cents
@ 11.33 AM the following are green :
CSIQ,AAPL,POT,LDK,CTRP,AUY,ABX,FSLR,GOOG,
NCTY,GRMN......
BLOG does NOT give buy or sell.
Saleem
8 comments:
Good morning Saleem.
We've got the crimson tide today.
My only green positions are AAPL & GNA. I hope it gets better later.
Victor
Hi Victor,
Things are already getting better..
I also have one green RIMM & 3 green wannabe.
You will have smile @ close $$$
Saleem
Saleem,
GNA is exploding to the upside with a Citibank upgrade. CAM has gone green, SOL & V are trying to go green. Good luck trading.
Victor
VICTOR
Congradualtions on 2 green plays today
I mostly red
AGU AAPL DSX are my greens
Good luck to all
MAD
Definately been a struggle today.
Boone says oils going to 150, I tend to believe that. Just picked up some BEXP. If you can't beat em....
Good luck.
VICTOR
Here is IBD's take on BEXP:
Earnings Per Share (EPS) Rating Relative Price Strength (RS) Rating Industry Group Relative Strength (Grp RS) Rating Sales + Profit Margins + ROE (SMR) Rating Accumulation/ Distribution (Acc/Dis) Rating
39 99 A+ B A+
Plz look at PQ I just sold mine today as I was not sure what the market will do. I am diversified and gald of it as Oil is the best play now, Also like and bought some OII! best of breed
Good luck to all
NTES is GREEN Hurray
MAD
Thanks for ID take on BEXP. I owned PQ a hundred years ago when it was PQR(?). OII should do super, as is CAM - DNR - NOV
Victor
Victor
thanks for sharing
Look at the XLE and OIH interesting that both are green! GS says oil to $150. Yuk
Gold is up again also as are most commodities, as RIO and AGU!
Good luck all
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