All Indices are breaking higher ground in this "incredible runup"
S&P 500 went above 1182....RSI above 71.48....
Gold UP $25.90
Oil UP $1.62
Canadian $ UP 71 tick @ 99.71..highest level in two years....
VIX Down 1.11% @ 18.72
In my portfolio :
Sold AAPL
Sold AMZN
Added 50% more LVS @ $38.71
Portfolio is LVS & ARUN.....
Most stocks are UP.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
S&P RSI is 71.68 now. Do you think there is a chance of a pull back or it will go to 75?
Michael
Hi Michael,
RSI can go as high as 80 based on current momentum.....
SO...book profit quickly & daytrade.
Saleem
Saleem,
I sold everything. Sold FCX for a decent profit and VMW for a small profit. Got back in LVS at 38.95. I don't believe it can be pinned down another day. I think it behaved very well today with the bad news from MGM.
Michael
Hi Michael,
IF you can believe it...LVS has the biggest potential in all the stock i trade.....I just may leave it alone instead of trading....
Congratulation in your favourite FCX gain.....
Saleem
Saleem,
Yes, I believe it. I used to trade LVS at around 4, got scare when it went to 1.38, so I sold at 8s and got back in again at 10s and sold at 16s. It stayed at that level for several months then moved up and never looked back. If I kept the original trade, I would get so much profit that I could count....
Thanks for your blog. I did not do so well before, either sold too soon or got in too late. I use your blog as a guide to entry and exit and it has been working very well. Thanks again.
Michael
Hi Michael,
Appreciated your feedback about my BLOG.
We are all learning more & more everyday.
Saleem
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