We just completed a "classic" testing of support in market....
S&P 500 went below 200 DMA & came back UP......
Market needed this pullback to "reset UPTREND"
Gold UP 10 cents
Oil Down 58 cents
Canadian $ down 42 tick..expecting a turn UP by close....
In my portfolio :
Added 50% more TLM
Bought MRVL...
Bought PMCS...
Portfolio is MRVL,PMCS,SOL,TLM......
Ag stocks are taking a huge hit thanks to warning by a German potash company & POT cutting production AGAIN also giving "bearish outlook"
@ 12.09 following are strong :
PMCS,NDN,AMZN,BRCD,TKC,CTRN,MA,BIDU,
IBN,GOOG,ISRG,VAR,SNE....
BLOG does NOT give buy or sell.
Saleem
2 comments:
SALEEM
Sold some AAPLE and bought 1000 sahres of GE at $12.30 Heres hoping that I did right.
Smile
As for the market is is a tug of war going on! Who will winn?
I like your buys PMCS is up today!
Hi Madmax,
GE is an excellent buy @ $12.30...
Big caps are "underperforming small caps"
PMCS buy is my 6th trade....
Market is doing OK !!!!
Saleem
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