S&P 500 low so far is 1092.82....which is 2.5% correction from high of 1120.95...generally minimum correction is 3% +..so a test of 1090 support could be in the cards...1085 should be a strong support.......BUT markets can turn UP on a dime...HFT (high frequency traders) can do it......
Gold UP $2.40
Oil UP 99 cents
Canadian $ UP 15 tick to 96.45
In my portfolio :
Bought BIDU @ $79.30
Portfolio BIDU,BCSI,EGO,LRCX......
LRCX TAPE is very similar to AAPL,BIDU on day of earning release...went way lower from open on good earning...LRCX got upgraded with $45 target......
EGO ER was a beat on Sales & EPS.......
@ 12.48 following are green :
EGO,POT,AGU,RVBD,IBN,GS,CRUS,
SINA,ABX,SNE,VAR......
FSLR reports AH..it should be a beat
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
one for the money 2 for the show
Look at EGO go!!!
APPLE dropped to a new low I am in at $262.25
$3 drop when this recovers IMHO we may see $300
BIDU is a J Cramer fav. Good Luck, In China it rules.....
AMZN is holding green! EXM is green and DRYS is too.
Best to all
Hi Madmax,
Thanks for your feedback.
I always look @ technicals before buying..BIDU is rated for a "breakout" @ $81.42 with a target of $88.36 by stockconsultant.com
Are you in AMZN ?
Saleem
SALEEM
No I just looked at it very hard --but I got apple instead it has an RSI of 50 and target of $319.
I was expecting that Apple had based and would move on up!! Nope, I am not real sharp on technicals and I often era when I use em! My bad
I like the amazon story and the CEO seems way cool.
So did not buy amazon !!I am still doing my DIVIDEND buys
Best to all
Hi Madmax,
This market is extremely unpredictable....
I try to improve my results by looking @ fundamentals,technicals & most important "recent" TAPE action...then buying decision...
Saleem
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