Monday, August 29, 2011

Indices UP 1.85% to 2.67%....NICE !!!!!

Indices are moving upward after Fed presentation, cut the negativity.

S&P 500 high so far is 1205.33...RSI @ 49.83

Internals are UP almost 7 to 1

New 52 wk highs are leading.

Gold Down $5.10

Oil UP $1.92

Canadian $ UP 18 tick @ 102.07

VIX down 8.35% @ 32.62

In my portfolio :

Sold AAPL

Tripled my position in KGC @ $17.50

Portfolio is AMZN, BIDU,AUY & KGC

Most stocks are UP

@1.45 following are down :

AUY,KGC,GG,PHYS,GLS,SLW,VXX,
SINA,PWRD,ABX,AEM,SVM.....

BLOG does NOT give buy or sell.

Saleem

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10 comments:

  1. cAugust 29, 2011 at 11:05 AM

    S

    stay well

    Is apple slowing down

    A strong bet on GOLD on todays dip

    Is KGC really that good??

    God Bless
    C

    ReplyDelete
  2. stocktrader_1996August 29, 2011 at 11:05 AM

    Hey Saleem,

    Great stock run from last week! I'll be looking to drop my 100% stock exposure a bit tomorrow just in case the data later in the week is received poorly.

    I hope your health continues to improve.

    Stocktrader

    ReplyDelete
  3. Stocks100August 29, 2011 at 11:16 AM

    Hi C,

    KGC is getting strong technically..it is slated for a breakout @ $17.71 with a target of $18.65 by www.stockconsultant.com

    AAPL i had $29 per share profit...decided to book it.....

    Saleem

    ReplyDelete
  4. Stocks100August 29, 2011 at 11:20 AM

    Hi Stocktrader,

    I have reduced my 135% exposure to 90% with AAPL sale......

    Health improvement is slow....have a cardiologist appointment on Sep 14 & Stress test on Oct 4...NOT the speed i was hoping for..BUT...no choice

    Some technician looking for a run to 1220...then..not sure.....UP DOWN ?

    Good luck with your strategy !!!!

    Saleem

    ReplyDelete
  5. cAugust 29, 2011 at 11:20 AM

    S

    Great price action on APPLE

    do NOT blame you for taking a profit like that!!!
    CONGRATULATIONS ...
    I got 500 shares of KGC

    I got some CAT and ETP for DIVI safety

    regards to all

    ReplyDelete
  6. MichaelAugust 29, 2011 at 11:24 AM

    Saleem and C,

    I started a position with KGC as well. I am looking for another run tomorrow to book profit on LULU and RVBD.

    Michael

    ReplyDelete
  7. Stocks100August 29, 2011 at 11:24 AM

    Hi C,

    KGC is looking even better than AUY technically speaking.....today's pullback is a great buying opportunity for KGC & AUY...two front-runner in Gold stocks....

    Good luck with KGC......

    Saleem

    ReplyDelete
  8. Stocks100August 29, 2011 at 11:25 AM

    Hi Michael,

    Welcome to KGC club.....

    AUY & KGC are going higher !!!!

    Saleem

    ReplyDelete
  9. stocktrader_1996August 29, 2011 at 11:33 AM

    Hey Saleem,

    Given gold's negative correlation with the market recently, do you consider AUY/KGC as hedges for your long market exposure or do you feel they can rise along with the market? I love those companies but I am deathly afraid of gold right now.

    Thanks in advance!

    Stocktrader

    ReplyDelete
  10. Stocks100August 29, 2011 at 11:42 AM

    Hi Stocktrader,

    AUY & KGC are the-best stock in terms of fundamentals & shows in technicals.....

    Their earnings are moving UP based on $1300 gold.......we all know where gold is.....thus more EPS going forward....

    I think these stocks will move UP with market & also a great hedge with GOLD as anchor....

    PS..i do not believe GOLD is going down.....with all the stimulus coming..it looks like $2000+

    Saleem

    ReplyDelete