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
2 comments:
SALEEM
so 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,
AAPL is being pinned down due to Option Expiry also.
Monday hopefully, a more "normal TAPE"
Saleem
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