Dow & S&P 500 making new high today.Nasdaq is green also.
Gold Down $5.30
Oil UP 79 cents
Canadian $ UP 16 tick @ 101.45
VIX Down 3.18% @ 17.03
Most stocks are UP
@ 12.33 following are RED :
PCLN,CMG,NFLX,AMZN,RIMM,GOOG,
MCP,TSL,JKS,IBN,MA,V,AMCC,CIEN,
JASO,STP,SOL,SOLF,ASIA,RCI,CSIQ,
ICE,SPWRA,FSLR....
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteWow! What a nice come back! One day all of stocks are trash, next day they are golden. It is prudent and stay put when MM and HF traders work push their way through.
Michael
Hi Michael,
ReplyDeleteHF target stocks with $$$$$ alongwith their buddies...to steal shares from everyone.
BUT if you can wait it out...HF take it UP after loading.
Saleem
Saleem
ReplyDeleteMGM is up YES
market is making a nice run here
Best regards to all
Hi Madmax,
ReplyDeleteNice to hear from you!!!!
YES..most of the stocks are UP....
New highs begets more new highs.
Saleem
Saleem,
ReplyDeleteI am still wondering what would their strategy be.
I thought either directions they would win. If they want to push the stock down and still winning. They bought Put and bombard the stocks with shorts and their friends would give all negative news in addition with downgrade. When the price target is reach, they would collect their big gain on shorts and puts. They would do the same on the way up. The only losers are retailers. I don't know if we can win in this market? You had give us directions and I got a nice run last year. We got a hiccup this year but should overcome soon. Thanks for your work.
Michael
Hi Michael,
ReplyDeleteHedge funds, analysts & market makers are all part of the same game....
Even when analysts give upgrade,they may be shorting @ the same time....similarly when they downgrade they may be buying @ the same time.
Wall Street is all about making money..how it is done is not important....SEC is not watching anyone..so it is up to the big players how & when they want to play what game...
YES..puts & calls plays a huge role in the manipulation game...
Also naked shorting is an abuse where SEC does not monitor unless it is too obvious for a long long time...
BUT knowing all this helps in not getting panicky near manufactured LOWS....
Saleem