I know ...the above headline may disturb some as "overly optimistic"...BUT S&P 500 low today was 1176.91..well above previous low of 1173.00 reached 6 trading days ago...50 DMA is 1173.30....
SO..with artillery being exchanged in Korean Peninsula,we held support.This is what a "strong bull market does"
RSI in S&P 500 is @ 45.89,what is not to like about this market...
YES..internals of the market today was negative,but that was more of panic reaction to Korea.
VIX UP 12.3% to 20.63...
Did you notice that Gold had an anaemic reaction to Korea & Gold stocks refuse to go UP,that was a tell tale of "no real conflict"...North Korea said that their reaction was in response to joint military exercise near their shore......
In my portfolio :
Bought LVS @ $49.00
Portfolio is AGU,AAPL,BIDU,FFIV,JKS,LVS,WYNN.....
AH Futures UP
AH Oil UP & Silver UP
AH Gold Down
AH Asian Markets Mixed
BLOG does NOT give buy or sell.
Saleem
3 comments:
SALEEM
what a happy up day ---hurray
Sold HL--was a stinker....
I like LVS but was up a buck at the open--to scared to pull the trigger-after it took off
apple sure took off today YES!
Happy holidays to all
Hi C,
This is a strong bull market..so buy anything which is moving..no need to be scared..imho
Saleem
Saleem,
You are right again. I loaded JKS and LVS AH at $48.96 $$$$.
We should give Jim Cramer some credits. Yesterday, he advised listeners to have courage and buy. However, we should ask David Rosenberg to retire.
Michael
Post a Comment