Indices are under pressure due to worries about strength of worldwide economy. Asia, Europe & US are seeing selling pressure to the tune of 2%+-
US markets are holding relatively better.
Indices are all below 50 DMA......
Internals are 4 to 1 on the downside
More new 52 wk lows both in NYSE & Nasdaq.
Oil Down $2.42
Gold UP $2.00
Canadian $ Down 51 tick @ 102.21..lower end of its trading range.....
VIX UP 5.22% @ 18.34...it was as high as 20.03, so there is hope for a snap back in markets ?
Portfolio is APKT,CCJ,LULU,SVM,TZOO.....
Most stocks are Down
@ 1.15 following are green :
CCJ,NFLX,CMG,CF,EXPE,MOS,GS......
BLOG does NOT give buy or sell.
Saleem
5 comments:
Good morning Saleem.
I've gone short.
Victor
Hi Victor,
Short works.....IF you time it right !!!!
Tight stop is a must ....
Good luck with your strategy.
Saleem
Saleem,
Well, as planned, I was not panic have done some shopping this morning. I pick up CLF at 83.5, FCX at 46.8 and SOHU at 78.2 and APKT at 74.5. TZOO is still doing great.
Michael
Hi Michael,
Nice to see your CONTRARY approach.
Excellent purchase price.
Good luck in your portfolio !!!!
Saleem
S
what a lousy day
Good luck to all
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