Indices took a tumble right @ open ...currently down max 1.35%......
S&P 500 went down to 1046.68 still above 1040-1042 area & well above much feared 1010..RSI @ 35.31 strong buy zone.....
VIX @ 26.79 UP 4.4%...some technicians were expecting a much bigger jump???
Gold UP $3.50
Oil Down $1.24
Canadian $ Down 73 tick to 94.46..retail sales in Canada was weaker than consensus.
In my portfolio :
Sold CNQ
Portfolio is LVS,AUY,SOLF.....
Most stocks are down..
TSL ER was a beat & guide UP,stocks UP 6.87%
@ 1.00 PM following are green :
RVBD,V,FMCN,KGC,AEM,FSLR,VXX,QID....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
I see this is a controlled market by HFT. If it is that bad, they would trash everything. But not in this case, there are many GREEN stocks. I believe if you pick the right stock, you are still a winner.
What sector do you see as a good pick now? Thanks.
Michael
Hi Michael,
YES..HFT are playing & creating new trading range in market...
It is a stock pickers market..some stocks which looks like future winners include LVS,SOLF,AUY,VMW,BIDU,TSL,AMZN to name a few..they are all on sale today except TSL which is UP 5.4%...
Pick a basket of 5 stocks....
Good luck in your selection.
Saleem
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