If you have been taking your investment ideas from CNBC or FAST MONEY...they were trying to tell you 40 ways that 870-875 in S&P 500 is TOP for this market and everything should be sold with 10 cents profit....sadly it included technical analyst Carter Worth of Oppenheimer.....
Guess what..... S&P 500 is comfortably trading well above pundits fear number of 875......
S&P 500 last trade is 885.....nice !!!!
Gold Down $18.50
Oil UP 29 cents
Canadian $ UP another 21 tick against US$.....
In my portfolio :
Doubled my position in NVDA...got filled @ low of the day..NICE !!!!!
Portfolio is CTX,EGLE,IPI,MRVL,NVDA,PALM,WEN ( not happy with WEN tape @ all).
Most stocks are UP......
Keep an eye on RSI for major indices for valuation analysis.....currently here are the numbers :
S&P500 62.46...75+ IS overbought area
Dow 62.36....
Nasdaq 67.51
BLOG does NOT give buy or sell.
Saleem
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