Indices are under pressure as financials are downgraded by GS.
Indices are fighting back again to go green. Market is showing resiliency again & again by not following overseas negativity.
Inflation concern in China is also putting pressure in equities & boosting precious metals.
Internals of the market are neutral in most indicator.
GOOG ER AH will set the tone for tech & market.....
Oil UP $1.09
Gold UP $17.60
Canadian $ UP 27 tick @ 104.14
VIX UP 1.42% @ 16.68....indicating equities to turn UP !!!!
In my portfolio :
Sold @ open BIDU,LULU & SOL
Bought BIDU back @ $146.59 much larger position
Bought LULU back @ $90.96
Portfolio is BIDU,LULU,POT......
Most stocks are Down
@ 1.21 following are UP :
BIDU,SINA,CMG,SLW,BWLD,PLCM,NVDA,
FMCN,GG,SNDA,NYX,GAME,TSL,AEM,
ABX.....
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteWhat turned you off to SOL? It got upgraded again today with a $13 PT--seems good?
Stocktrader
Hi Stocktrader,
ReplyDeleteNothing wrong with SOL...solar is extremely unpredictable..does not follow FA or TA on a consistent basis....
I would rather be ready with other stocks for a stronger market.
Good luck with your ideas...as long as you are making money....sector does not matter.
Saleem
Saleem,
ReplyDeleteYou are dead on with that, money = money no matter the sector :). I was just interested in your rationale--thanks for sharing.
Stocktrader
S
ReplyDeletecool selling $$$$$$$$$
I to bought BIDU back and SINA
I got some FCX at $52!! And I get .25 quarterly dividend..
I try and focus on divi protection on most buys
My WIN and CTL are both sucking eggs
Best to all--make $$$$$
Hi C,
ReplyDeleteI am glad you are back in BIDU....has more room to grow NOW !!!
Saleem
S
ReplyDeleteSilve is king today
SLW is going gang busters'
wow
I did not think silver was hot
Maybe we should get some??
Regards
Hi C,
ReplyDeleteBuying SLW on Down day is the best strategy.
Saleem