Markets do NOT want to roll over......
Many pundits have told us that IF US$ is UP Wall Street will TANK...guess what US$ was strong today & Wall Street was not only UP but closed @ 09 HIGHS....so much for dime a dozen experts...
In my portfolio :
Bought AAPL @ $205.91
Bought LVS @ $17.91
Bought SLW @ $15.87
Portfolio is AAPL,AUY,EXPE,LVS,MRVL,POT,SLW......
I will add one more stock @ open......
You must be wondering why I am so bullish....TAPE is forcing me to stay IN & keep rotating ...plus my 50% exposure is GROWING big time..I am almost @ my maximum exposure $ wise with 50% of my own money..ie 50% house money....
So... where are we in this market ?..let us look @ RSI again to get a feel:
S&P 500 63.47
Nasdaq 64.43
Dow 67.91
AAPL 67.38
POT 74.12
AUY 65.08
EXPE 56.45
LVS 61.15
MRVL 64.69
SLW 68.90
As you can see that we are still below 70 in most numbers......also it IS a subjective call depending on TAPE & how long the base was......BUT over 70 must be ready to pull the plug @ moments notice IF TAPE turns SOUTH.....
VIX closed @ 22.41 Down 2.1%
AH futures are minor RED
AH Nikkei is slightly Down
AH Oil ,Gold & Silver UP.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
thanks so much for sharing your point of view--your honesty is so refreshing
I hate the message boards--Yuk
I buy at the open AGU 250 shares
Cramer was so full of him self last night it is contageous
I go the bug to--gotta buy
I still have huge position in GS and GE, and small amount of AT&T pays good but no stock price movement for 5 months
I think it is time for tankers to move up
I have huge exposure tO DSX and some FRO--FRO is fantastic IMHO--China jsut released NO SINGLE HULLS
this and the BDI rose huge yesterday-CHINA just double its requirements for coal and commodities are poping up as a result of huge China demand-plus global demand is picking up--pric of oil is bound to pick up,,,,,,
Cramer loves DSX and NAT.
The very best to you and to all
Hi C,
Thanks for your feedback.
Integrity is very critical to everything i do.....
I know Shipping is a strong sector..GNK remains my favourite.
Good luck with AGU $$$$
Saleem
SALEEM
This morning I looked at POT rsi it went to 76,67---ouch
AGU is 66.51
But POT has the momo! What are your thoughts for holding and target price
THe market seems fixated on the current pick of the day
Max
Hi C,
I sold POT....
RSI rules $$$$
Saleem
Post a Comment