Indices are marching towards making new 52 wk high.S&P 500 is only 19 points from new high.
Nasdaq RSI is 69.40.....more room to run...Nasdaq is UP the most @ 1.35%
Internals are UP almost 4 to 1
Gold UP $4.40 @ $1533.10...looking good $$$$$ Spot price
Silver UP 44 cents @ $36.35..also looking strong $$$$ Spot price
Oil UP $1.45 @ $98.10 Spot price
Canadian $ UP 75 tick @ 104.33
VIX Down 3.61% @ 15.75
In my portfolio :
Added 150% more GG @ $49.88...it is ready for a "breakout" @ $50.51 for a target of $53.35 as per www.stockconsultant.com
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG....
Majority of stocks are UP
@ 12.37 following are Down :
SBUX,NTES,MPEL,VMW,BWLD,PLCM,JKS,
JASO,STP,NVDA,AUY,KGC,LDK,CCJ,KGC,
AEM....
BLOG does NOT give buy or sell.
Saleem
11 comments:
Saleem,
I sold 50% of TZOO at 79 and let other 50% to run. GG is sooo good! It should hit 53 without any problem on this run. I have some powder from TZOO selling. What other lagging stock that you think I should take a look at? Thanks
Michael
Hi Michael,
It is not "lagging" but stocks that can run higher should be the focus.
Some ideas..
Buyback TZOO which you sold ..it is UP only few cents...
Buy SBUX or BWLD.....
Good luck with your decision !!!
Saleem
Michael
way to go
Always feel comfy with the sell decision selling 1/2 awesome move
I like SINA BIDU, SHOU!!
TZOO bounced off the $79 price It may get back up their and even higher......
My be buy it back at a lower price target
Best to all
Saleem,
Well, back in TZOO at 77. Good profits for a swing trade. Thanks.
Michael
Saleem,
What happened to TZOO? Do we need to concern with the big drop? Thanks.
Best Regards,
Tuan
S
Yeks
TZOO is dropping
SINA is too
thoughts
Hi Michael,
Nothing is happening with TZOO..it is one of the-most volatile stock..it had a huge run from 51 to almost $80 in a straight line ..that is a gain of $29 points or 56.9%......need to catch its breadth.....
Average estimate is $120 by many analysts......
It reports on 18th July also....
Saleem
S
thanks for the update the wild swing shocked me
thats all
regards to you and Michael
Saleem,
Thanks for the advise. I added in some more at 73s and just sold the added share at 76. Thanks again. It was scary ride, but a lot of profit.
Michael
Hi Michael,
Market is extremely scary on the surface...but beneath..lies many opportunities.....
A lesson we should all remember !!!!
Saleem
S
thanks for your suggestions
C
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