Markets are trying to fight back negativity associated with bad jobs data & rising US$....
Option Expiry also helping MM to bring stocks to their desired strike price......
S&P 500 fighting to reclaim 1100....which will be nice.....
World markets were down close to 2%+- overnight..so 1% decline in US is sign of relative strength...
Gold is @ lowest level since reaching all time high..Down $31.60 to $1103.90
Oil Down $1.20
Canadian $ Down 1 cents to 93.30 cents US for 1 CAD......
Portfolio is AMZN,AUY,GAME,MRVL,POT,SLW,SOLF,TSL.....
Most stocks are RED......
BLOG does NOT give buy or sell.
Saleem
8 comments:
Saleem,
Market is not in the good mood. However, AG's performance is the the worst. Is there any news causing steep decline in AG? Thanks.
Michael
Hi Michael,
YES...there is news on Potash contract pricing with China.....report says that the contract with China will be settled below $400..which is the spot price.....
A year out POT,AGU,IPI,MOS will be a different story..means much HIGHER potash prices.....
This report is already discounted..so it will be "buy on the news"
Saleem
Hello All,
Hope you all enjoy the upcoming holidays.
I'll return soon to put in my usual two bits. :)
Caution on shippers. BDI heading back down. It could get rough.
Best Regards
Hi Standards,
Nice to see your note !!!!
Looking forward to your active participation in BLOG....
I concur with Shipping weakness...
Saleem
Saleem,
RIMM up 11% AH.
Tomorrow will be a good day for NASDAQ.
Hi Rajpal,
YES....RIMM was a beat & guide UP.....
Nasdaq should do well on Friday !!!
Saleem
HELLO to all the bloggers
The shippers are far from dead
they stared to come back in late session hour.
Looks at GE strong all day as were the gas supply companies--And HAL held green all day
Hi Madmax,
It is all about how YOU feel about any sector/stock....everybody has different interpretations of same facts...based on risk tolerance /time frame....
Saleem
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