Indices are displaying "unusual strength" despite oil jumping up to $102....
S&P 500 went down to 1302.58 only,well above recent low of 1294.26 ..Adami is looking for 1175.....CNBC Fast Money has the-most panic stricken traders on planet earth......it is amazing that they cannot read market TAPE ever....do they know that this IS the strongest bull market in history...i guess it needs a "higher IQ"
Oil UP $2.46
Gold UP $4.20
Canadian $ UP 9 tick @ 102.73
VIX Down 2.9% @ 20.40..CNBC fast panic money looking for 25 easy
Portfolio is FFIV,F,NVDA,RIMM,RVBD......
Most stocks are UP
@ 12.52 following are RED :
NVDA,JKS,CMG,NFLX,SLW,SOHU,CCJ,
BAC,MGM,JDSU,STP,HSOL,FUQI,ARUN,
EBIX,IGTE,NVTL,SINA,CSIQ,CTRN,JRCC,
MFC,VLO,SPWRA,FSLR,TTM,SNE,VAR...
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
I followed your steps by selling FFIV at 116 and bought RVBD at 41. I sold half of POT and bought some CLF at 95. Thanks.
Michael
Hi Michael,
RVBD may do better than FFIV in the long run.....
Good to book profit & trposition.
Saleem
Saleem,
It seems that no one can read the tape like you. The market closed in Green despite Oil was above $100. Normally, it would go down triple digits with this.
Thanks for the switch on FFIV<=>RVBD. It was a good trade.
Michael
Hi Michael,
Thanks for your compliment.
CNBC does a big disservice to small investors by pushing "sky is falling commentators"....day in & day out....
I am completely out of FFIV..added RIMM seconds before close.
Saleem
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