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
4 comments:
Hi Saleem,
Looks 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,
I 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,
This is a healthy pullback & necessary.
We should be back on track for UP move by thursday of this week.
Saleem
Hi Michael,
I will post when I sell or buy anything.....
Good luck with your instincts to follow certain stocks in my portfolio.
Saleem
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