Market is proving "bearish sentiment" as too early.....
Indices will only pull back when it gets "overbought"..
Q3 end of the month buying is very much @ play..so do NOT get in the way..unless you are positioning to lose money......
I hope Joe Casanova of Fast Money did not do any bearish bet on QID......then he will claim i got stopped out again.....
US$ is staging a "technical rebound"..do not know how long it will last..maybe for morning only...as most currency & commodities are staging a comeback already.....
Gold Down $6 to $1003.20
Oil Down $2.36 to $69.68
Canadian $ Down 72 tick.....
Portfolio is COMS,GSS,HL,SOL,RIMM,POT......POT is taking a $5 hit so hopefully my covered call will expire worthless and i will keep the stock......
@12.11 following are green :
RIMM,FMCN,CIT,FNM,C,BRCD,TKC,CTRN,
WYNN,SOHU,CMED,ISRG,AMZN,GE,PALM,
GOOG,NDN,V,NVDA,RVBD,TSL.
BLOG does NOT give buy or sell.
Saleem
3 comments:
SALEEM
POT is up $2 bucks from the low! Hurray-I should have gotten more--I kinda thought we would have the sell off we were down a lot at the open!
XTO and RRC are good energy plays
GE has been strong all day--wow
Best to all
SALEEM
BDI down again
Baltic Dry Index (BDI) -38 2318
Hmmmm
Hi C,
POT behaved well..considering....
GE closed GREEN !!!
Saleem
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