As most buyers are sidelined due to weakness in markets, market makers are in total control of the direction of this market.
Weak markets are like this & it MAY not change much till Mid-September.
Indices are trying to stage another technical rebound after being trashed to recent lows. Today's hurdle is Quad- witching option expiry.
BUT if you have CONVICTION in some stocks & strong stomach, then this weakness presents a huge buying opportunity for serious gain.
Gold UP $8.10
Oil Down $2.31
Canadian $ UP 12 tick @ 101.97
VIX Down 2.99% @ 22.05
Portfolio is AAPL,CNQ,LULU,SOL,TZOO
Most stocks are UP
@ 1.12 following are RED :
AAPL,CNQ,SOL,RVBD,NFLX,FFIV,
MOS,CF,RIMM,GOOG,CMG,SOHU,
MA,V,JKS,APKT,AMCC,FNSR,SNDK,
NVDA,LVS,MPEL,CTRP,SINA,PWRD,
CCJ,FWLT....
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteso sorry that my APPLE is doing poorly for us
It will be stellar by September trust me!!!! LOL
LULU is sweat today--Go LULU
have a blessed day all
Hi C,
ReplyDeleteAAPL is being pinned down due to Option Expiry also.
Monday hopefully, a more "normal TAPE"
Saleem