Nasdaq is running away to another high of 2463.90....RSI @ 71.82
AAPL @ another all time high of $310.47..RSI @ 80.18
Market is factoring lot of good news.like QE2 & great earnings.....The question IS....IF there is more room to RUN ?????
I am looking @ extremely short term trades with "small exposure"......
Only advice @ this stage "book profit"......
Gold Down $9.00
Oil Down $1.14
Canadian $ Down 56 tick to 99.02
VIX UP 1.26% @ 20.13
In my portfolio :
Sold AAPL
Sold ARUN
Portfolio is LVS.....
Solar stocks are correcting....
@ 12.41 following are green :
AAPL,AMZN,GOOG,AKAM,BIDU,
PCLN,SNDK,SINA,ICE,MA,NTES,
ISRG,SOHU....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
Did you buy back AAPL? It is unstoppable. I got in late but already deep in the money. Thanks for your confident in the right stocks. AMZN was so hot today as well.
Michael
Hi Michael,
As Madmax/C would call it i have gone to the "dark side" by shorting AAPL @ $314.45.....
@ RSI of 82.18 for AAPL...i am counting on sell on the news.....hopefully !!!
Nasdaq RSI @ 72.94..everything getting in "blowoff mode"
Saleem
Hello to all
Saleem amazes me all the time
I gotta learn more about shorts and how to do it
But unless I miss something I am now holding a 6 bagger in apple---Yeooooo Hooooooo.
Some stop me, I am minting money
I am in APPLE for MT and APPLE so far has gone up 10-15 bucks prior to earnings.. If they beet we will pop up more ya hooooo! it will go to $325 or $350
dunno
this is one tough stock to figure fast money says buy
Very best to all
Saleem,
You have been right most of the times either short or long. I don't want to be greedy. Sold AH @ 315.8. Happy with a decent profit! You are a true leader. I appreciate for all your works.
Michael
Hi Michael,
Thanks for your feedback.
I always have my OWN reading of "sentiment" & "RSI" & work from there.....
There is so much "euphoria" right now..it is deafening.....
I have seen it all before & have learned from it....
I am very happy that you booked profit in AAPL.....I may be the only one who is going the other way on AAPL....but you never know until one tries....
Risk/Reward is not good in market or AAPL..only short MAY work.
Saleem
Hi Madmax,
Everybody loves AAPL....opposite of GOOG before ER.....
I pay close attention to sentiment & RSI.....both giving me courage to go on the dark side !!!!
Good luck on your MT strategy !!!!
Saleem
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