As markets are in lofty levels any weak economic numbers will bring an immediate reaction from nervous traders.Housing numbers were weak which did not sit well ,thus we have a down market close to 1%..testing low of the day.
Gold Down $2.60
Oil down $1.15
Canadian $ taking a huge tumble as Bank of Canada issued a stern warning against $ appreciating against US$..CAD down 2.10 cents biggest tumble since June of this year.
US$ is also strong against most currency which is putting pressure on all commodities and markets.....
In my portfolio :
Added 60% RIMM @ $67.08 my overall cost now is $67.89
Portfolio is AAPL,AUY,BAC,COMS,GNK,MRVL,RIMM....
@ 12.09 following are green :
AAPL(target increased by many analyst ranging from $230 to $280),GNK,BAC,COMS,SINA,CTRN,CCJ,EGLE,
VLO,FSLR,ISRG,V.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
I thought you were going to lighten up @ S& P 1100. What's changed your mind?
SALEEM
hello hope you are felling well
I got some BAC at $17.25
hoping for it to move up
Financials are hurting right now.....
You did say that you were going to lighten up at the S&P1100 right?? oh well
Best to all
Hi Saleem,
Baltic Dry Index (BDI) +66 2832
Best Regards
Hi Victor,
I am buying stocks which have lagged like RIMM,GNK.....who looks to me they have lot of room to run.
TAPE still do NOT look like that they are ready to rollover YET???
Saleem
Hi Madmax,
Good buy of BAC.......I am also holding.
Saleem
Hi Standards,
Thanks for BDI info...looking good $$$$
Saleem
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