Indices are in negative as expected BUT in a much milder mode......
Reason for this pullback keeps changing but it is because of overbought conditions.....
Gold UP $3.70 BUT Gold stocks are Down
Oil Down $1.70
Canadian $ Down 40 tick to 97.91
In my portfolio :
Sold VXX to book profit
Bought MU @ $9.61
Bought GNK @ $21.60
Bought SOL @ $5.09
Portfolio is APWR,AUY,GNK,MU,SOL,SLW......
I am in a daytrading mode booking profit as they come......
Following are green @ 12.09 :
VXX,QID,BIDU,RIMM,PALM,GE,RCI,
SNDA,CTRN,TKC,LULU,VAR.....
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteBaltic Dry Index (BDI) +68 3574
One of these days GNK is going to start moving up fast.
Mild pull back. Will see some odd activity since options coming on Friday.
Best Regards
Hi Saleem,
ReplyDeleteDang! missed the GE! It's starting to wake up.
Options players are buying calls.
Best Regards
Hi Standards,
ReplyDeleteGNK RSI is 51.12..also below 50 & 200 DMA which is extremely tight..may explode UP.....once we go above $22.22.....
There was no punch in selling & some stocks like MU & GNK came down too-much......thus a change in strategy...
TAPE is the deciding factor for me.
GE RSI 71.34.......
Saleem
Saleem
ReplyDeleteGood luck on all stock strategies
GE, seems like it has interest going forward
GNK is way over sold
APPLE was down $5 for awhile
Hmmm
best to all
Hi Madmax,
ReplyDeleteIdea is to make money...HOW...we all have to figure it out !!!!
Flexibility IS the key IF TAPE do not CONFIRM my thesis.....
TAPE was saying...no real selling pressure???
Saleem
wow
ReplyDeleteSaleem
a green close
I did not expect that
looks like the bulls won the day