Today is 2nd yr anniversary of this bull run. Indices are in digestive phase in this bull market, waiting for catalyst. No need to "overthink" this TAPE.
A TAPE like today is a good day to REPOSITION / REBALANCE.
Gold UP $1.30
Oil Down 62 cents
Canadian $ UP 20 tick @ 103.17.... a 39 month high
VIX UP 1.11% @ 20.04
Portfolio is NVDA,RIMM,RVBD
Most stocks are Down
@ 1.10 following stocks are green :
CMG,AMZN,AKAM,GS,SOHU,MA,M,
LEN,MGM,JASO,STP,HSOL,EBIX,
NVTL,CCME,JKS,FMCN,RCI,SINA,
IAG,ECA,CTRN,LULU,NTES,VLO,
SPWRA,TTM....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
The market is not so bad. However, all of stocks in my portfolio are in deep RED. I am still holding, but don't know what sector will be good to readjust now. RIMM is holding well. Thanks.
Michael
Hi Michael,
Readjustment is based on recent TAPE action on a "comparative basis"..like AMZN is behaving better TODAY than most big fliers.
Also you have to think which stock will move UP faster IF we close GREEN.....
Just something to think about..
Saleem
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