China announced yesterday that they will "gradually increase the value of their Yuan"..they are stating it will be minimum upward adjustment......
Markets worldwide took this as positive move.....
US markets are giving a lackluster endorsement as hedge funds controls the movement of market.....maybe they had net short position so need to cover before taking this market UP like the rest of the world ????
Indices are UP .18% to.56%...
In the euphoria of open Dow went above 50 DMA..but has pulled below since.....
Gold Down $7.10
Oil UP 67 cents
Canadian $ unchanged @ 97.83
In my portfolio :
Added 80% CREE @ $ 70.66
Portfolio is BIDU,CNQ,CREE,LVS,SNDK,SOLF,TCK....
Most stocks are green.....
@ 1.08 following are RED :
EGO,SLW,POT,MRVL,RIMM,GOOG,WDC,
CCJ,M,IPI,AUY,IAG,GG,ABX,AEM,PIR,KGC,CTRN...
BLOG does NOT give buy or sell.
Saleem
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