Indices are taking a breather after huge run.....
Gold UP 30 cents
Oil Down 46 cents
Canadian $ Down 19 tick to 97.43
In my portfolio :
Sold TSL
Sold RVBD
Went short on BIDU @ $102.28
Went short on AAPL @ $293.20
These positions are max 2 trading days or daytrade....
Most stocks are green....
@ 1.04 following are showing weakness :
TSL,RVBD,SOL,PCLN,AMZN,YGE,SOHU,
IBN,ISRG,CREE,KGC,SINA,CTRN,BRCD,
NDAQ,NYX,FUQI,ABX,GS,VAR,FWLT....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
It was a BIDU day! At RSI of 83, it was running like a crazy horse. I believed it was capitulation at top due to short sellers tried to exit their position.
I believe market needs to take a rest before moving up and I am looking for your guidance through your blog. Thanks.
Michael
Hi Michael,
I am in two short position...BIDU & AAPL.....
I am looking @ S&P 500 to go around 1120 before i will go long.
Market needs a rest..which means lower/sideways.....
Saleem
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