Indices were subjected to selling pressure @ open while all news were positive......
Greece issue was resolved by EU.....
Jobless claims were lower than expected......
BUT..Hedge Funds were able to manipulate this market LOWER ?????
SO..we had FOUR days of "tinkering with TAPE" by HF & their partners???
Gold UP $18.80
Oil UP 93 cents
Canadian $ UP 1 full cent to 95.08 US for 1 CAD...highest level in weeks
Portfolio is APWR,IAG,PALM,SLW,TC,TSL.....
Most stocks are UP $$$$$
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
BDI is what can be charged RIGHT NOW for shipping rates. Without China's support and stock piling of raw materials, we are back to square one. As the economy improves? the rates will rise. There is just not much commerce going on to support higher rates.
Best Regards
Hi Standards,
Thanks for your thesis.
SO..it is apparent that China has stockpiled enough Iron ore & other stuff like copper etc for now.
Saleem
Hi Saleem,
I'm reading about options action and still I am seeing call buying. The pros are expecting the market to move up.
Best Regards
Hi Standards,
YES...PUT buying was the game until wed to extreme levels....
SO..call is the flip side of extreme bearishness which existed until this AM.....
Saleem
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