Markets went to new 09 HIGHS in all Indices BUT gave it all back & then some on US$ strength???
I do NOT agree with the RATIONALE of US$ being bad for the market????
In the PAST US$ has been very strong and markets made all time HIGHS in every INDICES which we have YET to take out......????
PANIC selling IS never a good reason to CHANGE trading/investment thesis......
US$ strength is BAD for GOLD/SILVER which became QUASI currency to offset US$ major slump......
You can tell Gold was ready to SLUMP as I had NO Gold or Silver exposure PLUS Dennis Gartman is the BIGGEST CONTRARY indicator for any trading ????
Gold Down $47.90
Oil Down 90 cents
Canadian $ UP 25 tick..YES you read it RIGHT it is UP against mighty US$ as Job GROWTH in Canada was 5 times BETTER than consensus
US Job Loss was only 11,000 vs 100K+++ consensus
Today IS another buy on the panic opportunity......
Portfolio is AAPL,EXPE,MRVL,POT,SOLF,TSL.....
Following stocks are green :
MRVL,SOLF,LDK,GS,MSFT,RIMM,PALM,GE,IBN,
ISRG,FXI,MA,NVDA,PMCS,RCI,LULU,WYNN,VLO,
FSLR,SNE....
BLOG does NOT give buy or sell.
Saleem
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