Today we saw "old fashion" profit taking.
There was too much "euphoria" for Gold & Silver stocks...that is why they all turned lower.This sector is overbought.
Market is "catching its breadth" after recent run for last 10 days.....UPTREND remains intact.
Gold UP $4.60
Oil Down 38 cents
Canadian $ UP 52 tick to 104.25..a record high in many years.....
VIX UP 2.14% @ 16.88
Portfolio is BIDU,JKS,POT,SOL,RVBD......
Most stocks are DOWN....
@ 1.24 following are green :
GOOG,JACK,RIMM,FFIV,MU,GS,BAC,MA,V,
M,CREE,JDSU,FNSR,JASO,STP,NVLS,LSCC,
GG,IAG,SNDA,BRCD,CTRN,ICE,NDAQ,NYX,
GAME,TSL,ISRG,TTM,VAR,GNK.....
BLOG does NOT give buy or sell.
Saleem
S
ReplyDeleteI got some JPM and Citi
Banks are past due for some upward pop
JPM is a hottie IMHO
Citi is a stretch
best to all
Hi C,
ReplyDeleteGS did great today...Financial may lead in next leg UP.
Good luck with JPM & C.
Saleem