As summer is setting in, markets are heading lower.There has been more weakness in economy.
S&P 500 is way south of 200 DMA..which is a technical violation.
Internals are down from 2 to 1 to 4 to 1
Gold UP $21.40 @ $1640.50..a new record high
Oil Down $1.01
Canadian $ Down 47 tick @ 104.12
VIX UP .08% @ 23.68...market may improve ?
Portfolio is GG,FFIV,LULU,RVBD
Most stocks are Down
@1.45 following are UP :
GG,RVBD,JCP,SLW,AG,AUY,SOHU,CRM,MA,
JKS,SVM,UXG,ABX,KGC,AEM,SNE,VAR,FWLT....
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem
Hey friend
Look at APPLE
it is on sale big time
I may get some??? Dunno, $389 is cheep
Any news that I missed
thanks as always
Hi C,
My suggestion ..keep allocation low for now.....
Saleem
Saleem
thank you for wisdom--I will hold
Some times you need a power full ally
thanks again
Oh we saw Cowboys and Aliens --way cool
C
Hi C,
You are most welcome.
Saleem
Saleem,
I am still waiting. However, I thought RSI is so low that it is the time to be aggressive? 7 days down in a row may be enough? Anyway 40% cash is ready to move. Thanks.
Michael
Hi Michael,
Whenever market violates major technical level like 200 DMA...you are better off waiting for basing...
Friday is jobs report, which may bring new low.....
BUT..if you still wants to employ some or all funds...its your decision......
Saleem
Saleem,
Thanks for your comment. Follow your direction has been excellent so far. I will keep it that way and not too excited with the stocks on sales now.
Michael
SALLEM
Look at the sell off
Yeks
Best to all
Hi C,
NOT looking good @ all.....
US debt downgrade leaked out ?
Saleem
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