Markets are going through reactive mode to many commentary which was negative and ignoring a key economic report which was positive LEI was better than expected....
I expect markets to zero in on LEI before the day is over......
These corrections which is sharp & swift is very good for the market & clear the way for UP move AGAIN.....
It is a very good day to buy strong stocks on sale...they needed a pullback and we got it.....indices will be led by the same group which has been strong and new sectors will join in when more clarity is there for the economic picture....
GOLD UP $3.00
OIL Down $ 1.67 to $60.37
Canadian $ is UP another 3 tick against US$ after closing yesterday @ highest level since March....
Portfolio is EGLE,MPEL,PMCS,PALM,TLM....
@ 12.10 following are Green :
V,FMCN,KGC,C,BRCD,ICE,IGT,NDAQ,
MA,NYX,ABX,GG,GS,GOOG,BAC,CSIQ......
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi All,
Interesting observation by IBD.
V forming handle after long base.
Find article in Yahoo finance.
Maybe a break out coming soon.
Best Regards
BDI +42 2707 NICE!
Hi Standards,
Buying on selloff days normally IS rewarding.....
BDI will accelerate once economy turns UP....which is not too far off.....
Saleem
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