Oil went down to $115........
$115 MAY provide support as selling has been OVERDONE......
Business,Consumers & World economies will be HAPPY with Oil below $120.......
In my portfolio :
Bought KGC a gold stock ..my price $15.62.....Gold has been beaten to a pulp.....Gold IS in support area of $860+- Gold has been predicting a collapse in the price of Gold by NOT making new HIGH when Oil & US$ were predicting......Now Gold Stocks will move UP before the price of Bullion....SEEN this pattern before MANY times......
KGC rating 80/70 target $19.78
SOL rating 50/90 target $19.70
Today was one of those days where Shorts were caught in high flying stocks and while other stocks were collapsing like Gold,Ag,Steels,Coal,Nat Gas........
Strong sectors were Financials,Techs,Home Builders,Retailers,Medical Devices,Biotechs,Pharma.
LDK reports on Monday AH...Expecting it to be a good report and MAY give LIFT to all Solar stocks....which are sitting near LOWS & SUPPORT......
By 10AM Saturday...I will post list of technically weak/strong/buy rated stocks.
BLOG does NOT give buy or sell.
Saleem
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