Indices are taking a dive today based on overbought condition.
Internals are negative by 5 to 1....
Today's selling improves technical health of the market. There was tremendous buying in last 10 days & market moved UP a lot.
US politics is playing out the way it does..all talk on TV & no work.
S&P 500 low today was 1318.86 which above 50 DMA of 1316.49
RSI has moved down to 53.61...
Gold UP $5.20 @ $1546.80
Silver Down 61 cents @ $35.93
Oil Down $1.20
Canadian $ Down 52 tick @ 103.35
VIX UP 13.98% @ 18.18
In my portfolio :
Sold GG
Bought CNQ @ $40.84
Portfolio is ATML,CNQ,PLCM,LULU,SOL,SVM, UXG
10% less exposure....
LULU is splitting 2 for 1 in pre-market Tuesday.
Most stocks are Down...
@ 12.41 following are green :
GG,CRUS,AUY.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
S
Did you see this all GOOD for CNQ!!!!!!!!!!! wow
NEWS on CNQ
It was a big day for oil, which rallied to $97 a barrel. Brian Kelly said the rally showed the recent use of SPDR didn't work. However, he said other levers, including opening up more oil fields, may be needed to keep oil in the range of $90 to $100 a barrel.
Terranova said he sees funds flowing back into the energy and consumer spaces. His favorite stocks in the energy space are Suncor(SU_), Canadian Natural Resource(CNQ_) and Occidental(OXY_).
Go Saleem
Cheers
May I join you and get some!
looking good....
Hi C,
All stocks including CNQ are trading vehicle..its risk/reward ratio looked pretty good this morning....
As you know very well..i do not follow any CNBC analysis or recommendations.....
Saleem
Saleem
thank you very much
I just saw the news and cut and paste I wanted to be
timely
regards
Hi C,
Nothing wrong in posting anything here.I am sure many visitors appreciate your cut & paste.
Saleem
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