Indices went below 50 DMA decisively except Dow which is fighting back to reclaim 50 DMA.....
Last time also Dow refused to close below 50 DMA...will it succeed this time? only close can tell...
50 DMA in Dow is 9718.80.....
Looks like program selling controlling the downside......
Gold Down $9.60
Oil Down $2.10
Canadian $ Down 90 tick......
In my portfolio :
Added 70% more TSL @ $33.60
Portfolio is AUY,BAC,COMS,HL,GNK,MRVL,PIR,TSL.....
Most stocks are taking on the chin......
PS..post was delayed due to phone call.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Tape bad today. RIMM looks like falling knife. GNK holding up above 19, plenty of support 18's too. You were right about raising cash last week. Have a great weekend.
Best Regards
Hi Standards,
Did some selling also.....
TAPE is looking weak...
My two superstars are GNK & TSL...looking good even in this UGLY tape.
Enjoy your weekend.
Saleem
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