Indices are green AGAIN.....email Guy Adami WHY????
Adami is batting 0-1000..anytime he is sure market is going down,we turn UP immediately..great contrary indicator since 666.....
Some traders are wondering why we are UP ???
Answer....Technical 101..it is a "strong bull market"......
Any pullback or weakness is a buying opportunity....
Many stocks/sectors are rotating on a weekly basis.....again buying on weakness pays !!!!
Gold UP $5.30
Oil UP 36 cents
Canadian $ UP 54 tick to 99.31
Portfolio is AGU,FFIV,BIDU,SOLF,WYNN.....
Stocks are mixed....
@ 12.36 following are green :
WYNN,SOLF,LVS,AAPL,GS,TSL,RCI,TCK,
IBN,ISRG,CCJ,MA,V,CREE,BCSI,FMCN,
SINA,CSIQ,CTRN,ICE,SNE.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem
You be doiung very well in some of your picks--itming is every thing
It is past due for APPLE to make a run up-Ford is doing good! Looking for $18 close today!
Bidu is langwishing but Ag sector is recovering Yes I got AGU smileing so pretty
Did you see the snow out west - what an early winter wonder land. so pretty and so dangerous!
Hi C,
Patience will pay off big time....
AG is a big story going forward....AGU was taken to 50 DMA two days and is coming back above +++
Saleem
Saleem,
It is stock selection market. Many are in RED and many are in GREEN. The point is how to pick the right stock.
I stay put at this point. Thanks for keeping us in check.
Michael
Hi Michael,
Patience & belief in fundamentals are key to making big gains....
Look @ AGU ..great fundamentals but were overbought..now it is deeply oversold.....it will work its way to above triple digits..but requires patience..
Stocks are also rotating & taking rest..then going up.
Saleem
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