Indices are down as Oil is taking a huge beating as US is releasing oil from its Strategic Reserve. This is a clear sign that US wants Oil to come down FAST as it will speed up economic recovery.
Internals are 4 to 1 on the downside.
Technically, we did not violate anything...today still higher low.Most stocks have "turned UP".....
Oil Down $4.38
Gold Down $33.70
Canadian $ Down 74 tick @ 101.93
VIX UP 11.66% @ 20.68
Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO
Most stocks are Down
@ 12.49 following are Green :
AAPL,ATML,LULU,SOL,TZOO,SINA,BIDU,
PLCM,CMG,BWLD,NFLX,RVBD,RIMM,
PCLN,APKT....
BLOG does NOT give buy or sell.
Saleem
4 comments:
S
Looking good for a stock recovery
I do NOT understand why we release oil now form strategic reserve??
Politics is at play?
It is raining a little here no paint in the rain
best to all
Hi C,
Oil is being released to boost economic recovery in US..YES it should work.
Gasoline is becoming a major "game changer" for lifestyle.
Saleem
SALEEM
Your conviction in LULU is to be commended
WOW up again--I so ready to sell
thanks for the support
Best to all
Hi C,
Thanks for your feedback.
LULU is the only stock..which made all time high 2 days ago...can we luck into anything better.
Saleem
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