With all the negativity being talked about S&P 500 is holding up "reasonably well"...
Guy Adami predicted 900 in S&P 500 yesterday..... but he is claiming NOT an alarmist by predicting another 16% plunge...Carter Worth is @ 980
S&P 500 low so far today is 1067.89 which is 5.6% correction from 1131.23.........
Market is trying to figure out where the US economy is heading....
It IS a stock pickers market...keep your focus on stocks NOT where market is heading......strong stocks turns UP faster when market turns.......
Gold UP $9.00
Oil UP $2.18
Canadian $ UP 50 tick to 96.40
Portfolio is BIDU,CNQ,CREE,LVS,SNDK,TCK......
@ 12.14 following are green :
BIDU,CNQ,CREE,TCK,SNDK,LRCX,AMZN,RVBD,GS,EGO,SLW,
ASIA,WDC,ISRG,IAG,GG,ABX,AEM,SINA,ICE,CCJ,JRCC,
WYNN,FSLR,VAR.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
Market is holding tight today. Hopefully, we will see GREEN at close. Do you still follow up on RIM? Will it get support from here or more down to come? Have a nice weekend.
Michael
Hi Michael,
RIMM is Q3 story..they are in their Q2 now......
$49 is first buy point for RIMM...BUT MAY hit $45 before it finds support.....
Market is OK now...we build fom here......
Saleem
Post a Comment