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
10 comments:
S
stay well
Is apple slowing down
A strong bet on GOLD on todays dip
Is KGC really that good??
God Bless
C
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
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
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
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
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
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
Hi Michael,
Welcome to KGC club.....
AUY & KGC are going higher !!!!
Saleem
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
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
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