Indices are marching into record territory every day.......
S&P 500 & Nasdaq closed @ highest level of 09 AGAIN.....
Nasdaq IS breaking away & is @ HIGHEST level since JAN 08..almost 2 year HIGH......BUT hordes of BEARS are NOT benefiting from the biggest turnaround ????
Gold stocks turned higher with conviction.......
Oil moved UP......
In my portfolio :
Sold GAME
Bought IAG @ $15.67...it is a Gold producer....
Portfolio is AMZN,AUY,IAG,POT,SLW,SOLF,TSL......
As you can see I have a changing strategy now based on market conditions....staying with strong sector & strong stocks in that sector...plus buying heavy into BEATEN down sector Gold & POT...
Market is becoming sector focus & getting "overbought" very quickly..so you have to be either EARLY or do NOT chase.......
I am also NOT fond of any stock which is NOT working out..it IS better to get out QUICKLY with minor loss.......
Your precious investment $ needs to WORK......
It IS NOT how much MONEY you have put to work, but how effectively you are managing it on a daily basis...more money do not necessarily produce better result..sometimes it does the opposite..creates more challenges in creating profit.....
We have half day market on Thursday closing @ 1PM...that leaves us with Monday the 28th Dec to book gains or loss for the year as it allows for 3 day settlement....
AH Futures are UP
AH Nikkei is UP
AH Hang Seng is UP
AH Shanghai is UP
AH Oil is UP
BLOG does NOT give buy or sell.
Saleem
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