Indices took a tumble after 3 PM and closed fractions above low of the day.....not a good technical picture....
S&P 500 closed @ 1142.16..RSI stood @ 62.59
Internals of the market were negative....
Stocks which ended UP 1% or more included BIDU,LVS,JKS,CRUS,
TCK,SOLF....
AH Futures UP
AH Asian markets Mixed
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
4 comments:
Good Morning to you Saleem
Did you keep your shorts over night?
I am still waiting for MCHP to come in.
I sold the McDonalds I love it but I thought that APPLE on a pull back might be better
The market may be green today
Good luck to all
Hi C,
IF i make any changes in my portfolio ..i always itemize in my closing BLOG.
NO.. I did not close my short on either one of them....
I have two choice now...close AAPL @ slight gain & take BIDU loss of $2.20 or add to my short in BIDU & wait for it to show gain....
I am only playing with 20% ....
Did you sell AAPL ?
Saleem
Sallem
I still have 75 shares in my account
Not sure when the market correction will occur?
I have a nice profit a 2 bagger
but I wanted to see if the stock price reaches $325! Yeks!!
is that greed speaking?
I can never do the dark side of trading----I guess that I am very scared of it. and I do not understand it very well so I do not go there!
Good that you are the man and know how to do it
I am at work so I can not watch the market--so good LUCK-Maybe you may have time to send me an email expalining how to trade short-if not just smile and be happy
Oh well !!!
Best regards to all
Hi C,
Shorting is no different than going long....only difference is that in short you have much shorter time frame MAX one week.
When market & stocks particularly are extended in RSI of 80+ then short MAY work or else you take a loss like in long position & close your short.
Saleem
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