Dow & S&P 500 are above 50 DMA after dipping below......
Nasdaq is below 50 DMA which is @ 2745.30, Nasdaq currently @ 2717.58...
Gold Down $17.40
Oil Down $2.80
Canadian $ Down 65 tick @ 102.57
VIX UP 3.41% @ 20.91
In my portfolio :
Sold NVDA
Portfolio is RIMM & RVBD
Most stocks are Down
@ 1.26 following stocks are green :
SOL,CMG,NFLX,BIDU,CREE,FFIV,JDSU,
FUQI,CRUS,SINA,SNDA,NTES,GMCR....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
It is amazing. You read the tape 100% correctly. This morning I sold half of my portfolio before the market open to reduce the damage. I will wait until you are comfortable with the tape to add back in. Thanks for information.
Michael
Hi Michael,
I study market internals plus TAPE action in many stocks like a religion...it tells me more than what i need to know.
TAPE & TECHNICALS foretells what can come very quickly.
I am optimistic by nature but NEVER fight TAPE.
After the FACT analysis is no good to anybody......
Saleem
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