Markets are pulling back 3%+ after SIX wk of back to back gains......
VIX has spiked UP to 38.74 a gain of 14.14%.....
GOLD UP $15.30
Oil Down $3.69
Canadian $ is taking a beating against US$ ..Down 1.31 cents...Canadian central bank is expected to take a decision on interest rate on Tuesday @ 9AM....currently rate is .5%.....
Portfolio is RIMM,PALM,IPI,GNK,MRVL,NVDA,PMCS,WEN....
Most stocks are down in my watch list except PALM & AMZN on upgrades & stock target increase......
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteLooks like most selling action came in the first hour then flattened out in the afternoon. Just profit taking after options expiration run up? I would believe so. An up move Tuesday would be nice.
Best Regards
Saleem,
ReplyDeleteI followed your step and got out of SOL last week with a small lost. That was a good call. I am holding several of your stocks so if you get out. Please inform. I trust your instinct. Thanks.
Michael
Hi Standards,
ReplyDeleteThis is a healthy pullback & necessary.
We should be back on track for UP move by thursday of this week.
Saleem
Hi Michael,
ReplyDeleteI will post when I sell or buy anything.....
Good luck with your instincts to follow certain stocks in my portfolio.
Saleem