Market are digesting negative earning news from TM & WAG.....
NASDAQ is the weakest with AAPL taking $4 hit.....
AG stocks are weak with POT,MON,IPI taking % loss...
Crude heading LOWER again.....
Uranium price falling so CCJ is weak.....
Dry shipping stocks are weak....
Most stocks are RED...including my ETF portfolio.....
Only minor bright spot is my Canadian $ slightly stronger against US$ up 34 tick.....
Close may show improvement......as I do not see the punch in selling so far......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Many heading out for the holidays and last minute tax selling? ATL gas $1.52 climbing. I hear you're kinda cold up there. We are in the teens in ATL, but 60's by Wed. My natural gas bill to heat the house is like there is a shortage of natural gas, not sure why. Oh well, nothing new under the sun.
Best Regards
Hi Standards,
This IS the worst winter so far since 1971 for december already...
Have to remove snow from my driveway TWICE daily....
Natural Gas cost is about 50% of gas bill..rest is distribution cost,service charges & rentals...
Yes selling was evident till 15 minutes before close today...too many buyers wanted IN today also...which gave us decent close.
Tax loss selling is OVERRATED for this year as majority have HORRENDOUS loss already & also can deduct only $3000 each year...so most participant have 20 years worth of loss already????
Price of gasoline have peaked on the downside...its steady climb UP from here...
Saleem
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