Indices are down another 1.06% to 1.75% as Oil in WTI reaches $100 mark while Brent is @ $110.52 in London......
Impact of Oil prices is pronounced in many areas of economy...thus selling of everything except Oil & Gold.....
Libyan Oil production of 367,000 BPD is almost shutdown......which is 2% of world oil production...
Now for the question about direction of market..as it is event driven it is hard to predict...plus IF we do not reverse..then there will be margin selling on Thursday..which will put further pressure..so monitor your OWN comfort level....
Gold UP $15.70
Oil UP $4.28
Canadian $ Down 30 tick @ 100.71
Portfolio is FFIV,F,RIMM,RVBD.....
Most stocks are Down
@1.25 following are Green :
AAPL,SLW,CCJ,CNQ,SU,GG,ECA,
AEM,ABX.....
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteMy POT was doing an amazing job. Recovered from 163s to 170s. FFIV is still working its way up. Yesterday I bought a little bit early. I should wait till today.
Thanks for not panicking note. I am holding tight.
Michael
Hi Michael,
ReplyDeleteThanks for your feedback.
These event comes form nowhere..nobody can predict.
Looks like market has already discounted higher Oil prices & Libya.
Saleem
HELLO to All
ReplyDeleteWow what a market recovery
POT is amazing
I got more AGU up form $99.90 nice
Also got some PCH and AGNC for divi
APPLE sure is nice -- got only 25 more shares at $340 but I had to take advantage of its price drop!!
good luck to all
Hi C,
ReplyDeleteStock picking is JOB 1.
Saleem