Indices were in the green after Fed minute release, but Moody's timed it perfectly to downgrade Ireland debt to Junk status..which not only killed the rally but we went negative in all indices.
You never know in Wall Street, how billions are made in minutes.
Gold was the star after Fed release, Gold closed @ new all time high. Gold still has not crossed intraday high.
VIX jumped UP 8.05% @ 19.87....reaching top end of its range...
Stocks which were UP 1% or higher included LULU,SVM,UXG,
AUY,GG,FCX,CF,NTES,SLW,AG,GOOG......
AH Futures UP
AH Asian markets UP
AH Oil Down
AH Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
Saleem, SOL bounced back, $4.20 was a bottom. But Solar is still under the pressures from subsidy issues in some European countries. I’m long on LDK and SOL and would like to hear your opinion about solar industries and their future.
ReplyDeleteThank you in advance.
Tom
Hi Tom,
ReplyDeleteLDK & SOL will be fine in the long term.....currently Solar has one leader JKS which has benefitted as a strategy to buy poly in spot market.
Make sure you are diversified in other sectors.
Sometimes some sector are underperforming for an extended period.
Saleem
S
ReplyDeleteGood DAy
I am back from appointments
Look at APPLE wow--break out! CAT is popping for me
My order for TZOO did not execute
So I missed out
Liking the gold at new highs
Any idea as to when to sell UXG--gold os so strong
best to all
Hi C,
ReplyDeleteI have a sell oreder in for UXG...already sold SVM.
Saleem
Hi C,
ReplyDeleteI have a sell oreder in for UXG...already sold SVM.
Saleem
Saleem,
ReplyDeleteThanks for your comments. I trade SOL & LDK for about 3 years and I believe their price should come back but may take an extended period. The solar industries will be survived anyway.
Tom