Markets took a hit today ...thanks to:
Record high oil
Financials down
SEC looking to monitor financials
That set the tone to a total rout of 1.80% on the downside.....
We are @ 1392.57 in S&P 500........
The question is...will we find support @ these levels......
Next two days will give us the answer....
Markets have run too far too fast.......
This is the first pullback since crossing 1418 area on S&P 500......
In my portfolio :
Had to go defensive on the breach of S&P1400 area....
Sold RIMM ..booked a gain of $3.12 per share
Bought NTES ..my cost $23.35
My portfolio is NTES,SOL,TSO,TOL....
NTES rating 15/30 target $25.22
SOL.... NO TA too new
TSO rating 50/100 target $29.94
TOL rating 60/50 target $26.91
In other stocks :
RIMM rating 25/45 rated for a BREAKOUT @ $135.29 for a target of $150.00
BRCM rating 40/75 target $28.37
NYX rating 40/30 target $77.48
BRCD rating $25/30 target $7.97
Strong stocks were V,DUG,FFIV,DXD,SDS,QID....
BLOG does NOT give buy or sell.
Saleem
6 comments:
SALEEM
I just had to say hello
The market is sucking eggs right now
NTES may have been a decisive correct move as was selling RIMM with a nice profit
How about AAPL here. Smile
Have a wonderful day!! It is 70% and raining in DC
Hi Madmax,
If market is shaky...I like to book profit on heavy position like RIMM.
It is cool & cloudy in Toronto area.
Saleem
Hi salim ,
anything wrong with SOLF ? It looks like somebody shorting >
Hi Ds,
SOLF is near unchanged level.
Saleem
Hello Saleem,
What's going on with TSO today? Should I double down? I used to sell at the bottom and hated it.
Thanks for your advise....
Michael
Hi Michael,
I generall stay with my original position.....
I am staying with TSO ...not adding as I like to stay diversified....
We have seen the low today already with TSO @$22.92...they took all the stops out...a real capitulation today....
TSO will claw back from here on...
Saleem
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