Many traders may be surprised by the drop in indices. This drop can be attributed to many things, weak economy,weak debt agreement & traders disgust with political process. Individual invest when they feel good about many things......
Internals of the market is negative by minimum 2 to 1,
Nasdaq Down volume is leading by 5 to 1?
Oil Down 91 cents
Gold down $7.70
Canadian $ Down 22 tick @ 104.43
VIX Down 2.34% @ 24.66...pointing to a better stock market ?
In my portfolio :
Sold AAPL
Sold AMZN
Sold BIDU
Bought GG @ $48.33
Tripled my position in LULU @ $61.00
Portfolio is GG,FFIV,LULU,RVBD
60% exposure....
Most stocks are down
@1.48 following are green :
LULU,GG,BIDU,AAPL,CAT,POT,TZOO,
MPEL,LVS,WYNN,SLW,AG,AUY,CMG,
IBN,M,UXG,C,BAC,FMCN,ABX,AEM..
BLOG does NOT give buy or sell.
Saleem
Saleem,
ReplyDeleteI picked up some GG at 48.1 and LULU at 61.2, 60% exposure. I think I am ready in both direction. I felt so good this morning to sell at the top of most stocks. Your analysis is awesome and make reader like me some serious $$$$$. Thanks.
Michael
Hi Michael,
ReplyDeleteThanks for your appreciative note.
GG is a good hedge....i was surprised that gold did not crash on debt deal......maybe it wants to go higher.....
Good luck on Tuesday !!!!
Saleem
S
ReplyDeleteI got a small position in GG
Did you like AUY??
looks like ht Senate will pass the bill at noon/
Wow apple is rocking
looks like it will see $400 and higher
Do not know if we can climb any higher--but with so much nay sayers -- may be we can jump higher
best to all
Hi C,
ReplyDeleteI like AUY..but not befire its earnings on Wed AH.....all gold producers are guiding lower & being taken Down..that is the reason for love of GG...
GG already reported & guided lower producrion..got a big haircut already....so it is ready to move UP $$$$$
Good luck with GG !!!!
Saleem
SALEEM
ReplyDeleteThanks for your reply about GG......
Market looks red in pre-market
I bet we close green??
Take a look at CHK and MMM Cramer favorites
good luck to all