There was euphoria set after Bin Laden death. But market usually sells off on non-economic event.Remember Saddam capture euphoria @ open & then profit taking. It helps in trading, to know the history of non-economic events.
Currently Dow & S&P 500 is in green which confirms that this market is not ready to rollover.
Internals are negative with weakness in Nasdaq.
Gold Down $5.20
Oil Down 46 cents
Canadian $ Down 49 tick @ 105.34
VIX UP 6.98% @ 15.78
In my portfolio :
Sold APKT @ open on euphoria
Bought SINA @ $135.36
Portfolio is LULU,POT,SINA.....
Most stocks are Down
@ 1.28 following are Green :
SINA,POT,BIDU,AMZN,PCLN,CMG,GS,
QCOM,BWLD,MA,V,M,SU,LVS,TCK,
BAC,NFLX,IGTE,ASIA,FMCN,RCI,
CCJ,JRCC,NTES,MFC,NYX,ISRG,
SNE,FWLT.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
You're playing APKT like a fiddle--nice job! I got a pleasant surprise this morning with the ICO buyout after having added to my position just last week :).
Are you thinking of buying APKT back now given the intraday selloff?
Thanks!
Stocktrader
Hi Stocktrader,
APKT is extremely volatile..so i play accordiongly.....currently, i have other stocks as my next trade...
ICO i had many years ago..i lost money .....great return in ICO !!!!
Saleem
S
Congradulations on selling APKT
Timing is everything :)
Now we both own POT, LULU and I got the weakling
BIDU
SINA has been on a rocket ride. Was up $5 smackers today! Volatile
VFC closed red as did most of my stocks
Hi C,
Thanks for your feedback.
Today most stocks are down..including 3 i own.
Hopefully..we see green on Tuesday.
Saleem
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