Friday, August 12, 2011

Indices showing technical strength, back to back UP move ......NICE !!!!

Indices are showing strength by going UP two day's in a row....BUT we do not have permission to go UP from all knowing all telling Jimmy the Cramer......nice to see him upset with this market again & again....

Indices are UP from .74% to 1.34%..internals are UP almost 3 to 1

Gold Down $7.50

Oil UP 72 cents

Canadian $ Down 47 tick to 101.08

VIX Down 9.69% to 35.22...much better for stock market bulls

In my portfolio :

Bought AUY @ $14.70...Gold is not showing expected weakness, considering margin was raised yesterday ?

Portfolio is CNQ,LULU,RVBD,AUY......

Most stocks are UP

@ 1.22 following are down :

CNQ,AUY,JCP,GG,GLD,FCX,MOS,NFLX,AG,
PHYS,VMW,ALTR,CRM,IBN,V,SU,ATML,
CIEN,JASO,STP,SNDK,SINA,SOHU,SOL,
ABX,AEM,MA,NDAQ,GS,SNE,MPEL......

Next post by 2PM Sunday....

BLOG does NOT give buy or sell.

Saleem

4 comments:

c said...

S

Darn --I though that GOLD was dead...
Not so...

Good entry price in the green already$$$$
EVEP is still giving me green

My long term hold on FFIV and RVBD has me very red.

C

Stocks100 said...

Hi C,

It is important to be very comfortable with all your position especially in this market.

Gold DEAD...does not behaving like that ?

Saleem

c said...

Saleem

have a great weekend

Gold is alive and well
I just thought that it was way extended

have fun

Stocks100 said...

Hi C,

Gold is the ultimate safe currency..imagine IF everyone had Gold for the last 3 years instead of US$ & Stocks....

Something to think about for next 2 years ?

Have a great weekend..we all need it !!!!

Saleem