Markets are RED again.......thanks to PPI which was hotter than expected......
Gold found support around $790 area and is moving UP now......
Oil is also finding support around $112 area.......lot of churning in that area.....sign of a MAJOR REVERSAL ????
Ag is strong......
Oil stocks are green....
Nat gas stocks are green....
Gold stocks are green......
Coal stocks are green....
Getting the picture...it IS the OVERSOLD sector !!!!!
In my portfolio :
SOL Down 43 cents.....ER was very impressive but needs to build another base here before moving HIGHER.....ran UP from $14 to $19 in anticipation of good ER....that was a move of 36%...so we are trying to digest that recent gains.......
KGC UP 45 cents......
TLM UP 43 cents.....
@ 11.35 AM the following are green in my watch list :
AAPL,JASO,WFR,LDK,POT,AGU,IPI,JRCC,MA,BIDU,
SOHU,NMX,ABX,SPWR,FSLR,ISRG,GSI,X,DXD,SDS.
STP reports before open...trading near support for a long time???
BLOG does NOT give buy or sell.
Saleem
4 comments:
The market wants to go higher---the financials are hurting the market
What a shame we should be doing much better,
SOl is basing here as is AAPL
Looking for a break and can not get one
Cheers
Hi Madmax,
Patience will get you the break ..you are looking for$$$$
It IS the ROTATION game going ON !!!
Saleem
Hi All,
Not much conviction to the downside, just churning and rotation. Looked like a bear attack on the financials again. The Fed should have kept the naked shorts out for a longer period IMHO. AIG has been hammered lower than I've ever seen it before. Sometimes you need faith to stay in the game.
Hi All,
Hey looks like V is making its scheduled cycle between high 60's and 75 again. Nice wave pattern here.
Best Regards
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