All major indices are UP three days in a row.....Nasdaq is the strongest....
Reason given today for the rise in worldwide markets is that Euro zone is actually "growing better than consensus"...BUT Guru Brian Kelly & Gary Kaminsky are short Euro & stock markets.....I am sure their tune will change now......
Euro UP 1.71 to 1.2284......Guru's predicting euro to par ?????
Dow went above 200 DMA but has pulled back below...
S&P 500 came close to 200 DMA.....
Gold Down $9.60
Oil UP $1.79
Canadian $ UP 96 tick to 97.64
In my portfolio :
Added 60% SOLF @ $8.20
Portfolio is CNQ,CRUS,LVS (new 52 wk high),PIR,SNDK (new 52 wk high),SOLF,TCK.....
100% invested......
Most stocks are UP
@ 12.28 following stocks are RED :
GS,MS,EGO,SLW,GG,KGC,SINA,SNDA,TKC,
AEM,AUY,ABX,ISRG,SNE,IAG.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
Good comments. This was on CNBC last Thursday, "I got my faced ripped off on Thursday," admits Guy Adami, "I thought we were going lower." Adami went on and said that, "On Friday I expect that either Goldman shoots up or the S&P turns down. I'd bet that the S&P turns down." Last Friday, S&P rallied more than 2%. If a guy can guess right 1 in 10 times, I think I can do that.
I think the market is in digest mode. My SNDK reached new high today. Are you ready to sell SNDK for a profit yet?
Michael
Hi Michael,
CNBC is good for knowing "what NOT to do".....
Based on "stockconsultant.com" target..SNDK should hit $53.48....
I will sell SNDK only IF market shows weakness...IF market looks healthy..it will be wise to stay put....
I have already traded SNDK once....
Saleem
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