RSI was flashing CAUTION on Monday.......so we went into corrective mode where some stocks pulled back 5% to 10% in few days......NOW it is TIME to BUY.......
Most indices are fighting back towards green with Dow being the first to go green......
It IS important to delay purchase when too much OPTIMISM is in the air as was the case two days ago.....everyone was bullish..sentiment was too one sided....
Gold Down $2.40...noticed that gold stocks have not corrected too much???
Oil UP 42 cents
Canadian $ Down 88 tick to 94.99 US for 1 CAD
There is a great hoopla that US$ is rallying... it has moved UP only 7 euros from HIGH of 151.44 to current to 144 even ????
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL,TC....
@ 12.23 following are green :
TSL,POT,SOHU,CREE,STP,SINA,CMED,GS,NVDA,PMCS,
MRVL,AAPL,X,ASIA.....
BLOG does NOT give buy or sell.
Saleem
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