Oil speculation is GONE......Oil down $4...below $117 support.....
Oil selling LOOKS like it IS overdone NOW......
Gold is down
Copper is down
AG is down
US$ is UP SHARPLY......
My Canadian Short is working like a charm...shorted @ TOP $1.10 today it IS 93.51..down 16.50 cents a drop of 15%...today drop alone is 1.56 cents against US$......
In my portfolio :
Sold RIMM and booked profit of $4.10 per share......Cannot be greedy in this market and also think currently it IS getting overbought...as news of Blackberry BOLD is getting priced IN....
SOL Down 68 cents......Solar stocks are taking in the chin AGAIN....I guess Oil to $116 area will kill all Solar initiatives???? I think NOT.......So we WAIT... till REALITY of AE is acknowledged by wall street GENIUS.....
@ 11.45 AM the following are GREEN :
AAPL,V,CMED,MR,HOD.TO,TOL,WFR,VMW,C,
JNPR,ICE,IGT,NDAQ,WYNN,MA,WYN,SOHU,
LVS,NYX,VLO,ISRG,VAR(new HIGH),GOOG,
IBN,QLD,GS,SNY,BRCM,TSO,DUG,MZN,LRCX.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi all
sold out 100 % cash. Took proffit and time to go to work.
Good luck to all.
Hi Ds,
Always good to lock profit.
Saleem
Hi Saleem,
Different looking market today. More like a bull trend. Buying on any weakness instead of selling on strength. HD getting some bottom fishing. People will take their homes off the market and upgrade instead. Should put HD & Lowes higher $$$$$.
Saw an article about sector rotation going on and still no new money coming in. Makes sense to me. The first good news in the financials will make for a free for all in buying equities.
Hi Standards,
Yes....beaten down sectors will be given a play....HD,LOW,TOL,JCP looking good.
Solar IS NOT looking good???
Saleem
Hi Saleem,
Solar will have its day in the sun. With oil prices declining there is no rush to get into alternate energy. How fast things change......will oil go much higher than $147 a barrel, yes we can count on it in our lifetime. CMED got a nice plug on CNBC today. A buy.
Best Regards
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