Indices are back on track after panic selling by "genius on Wall Street" yesterday.....
Indices are UP 1% +-
Gold Down $5.30
Oil Down 65 cents
Canadian $ UP 18 tick @ 102.94..hitting 3 yr high
VIX Down 6.29% @ 19.36
Portfolio is NVDA,RIMM,RVBD
Most stocks are UP
@ 1.11 following stocks are RED :
NVDA,JKS,SOL,NFLX,PCLN,CMG,AMZN,
SLW,MOS,POT,AGU,V,CNQ,SU,LVS,CIEN,
STP,FUQI,ARUN,,ARMH,GG,IAG,ECA,
ICE,AEM,VLO,ABX,SPWRA....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Saleem,
Any thoughts on NVDA weakness. RSI indicates oversold territory.
Also AKAM. It came down from low 50's to high 30's.
Thanks
Paramjeet
Hi Paramjeet,
Many stocks go through cycles of oversold to overbought...NVDA is being oversold.....
AKAM is atttractive based on valuation.....
Saleem
Saleem,
It is interesting to see the fighting between Bear and Bull this morning. Who will be the winner at close? Market is up substantially, but many stocks are in RED.
RVBD is strong. FFIV got a push from the oversold condition but may not hold till the end. RIMM got some GREEN but still weak.
I am looking at NVDA and at UCO. Do you think oil is still having more room to run or this is it? Thanks.
Michael
Hi Michael,
Oil is most overbought & will fall to $90 in a hurry...Oil stocks know that and they are selling hard since yesterday.....
RVBD is a superstar......
Saleem
Saleem,
Thanks for your input. I will stay away from OIL for awhile.
Michael
Post a Comment