Indices are down .43% to .76% in anticipation of Jobs Data....
Friday is weekly Option Expiry also
Monday is closed for labor day
Jobs data..no matter what it is...market WANTS to move HIGHER.....
Today's weakness is a smart way to position for UP move...
Internals are 50% weaker
Oil UP 92 cents
Gold Down $4.70
Canadian $ UP 23 tick @ 102.49
VIX Down 1.45% @ 31.16...this is predicting a bullish stock environment....
In my portfolio :
Added 20% KGC @ $17.19...it is now 47.28% of $ weighting, while NFLX 26.22% & BIDU 26.50%
56% exposure
Most stocks are down
@ 1.36 following are green :
CIEN,GG,AUY,GLD,PHYS,POT,
RIMM,LVS,RVBD,MA,V,SU,
JDSU,FNSR,SNDK.
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI hope your day with family and friends was refreshing--a much needed break I'm sure :).
My buying power from Tuesday sells comes back tomorrow, and I feel lucky to be able to get such great prices given the positive economic data since. The technical setup is extremely poor at the moment so I will wade in a little more slowly this time, but the human spirit can persevere through any political mess in my opinion--small businesses contributed the most to the decent ADP numbers yesterday :).
Stocktrader
Hi Stocktrader,
ReplyDeleteYES..i enjoyed my R&R with many friends whom i do not get to see that often.....
Market goes through phases of bearish & bullish cycle...currently its in bullish camp.....BUT for how long ..we do not know.....
Looks like first TWO weeks of Sep looks positive.....then it may be a long wait till ER in Oct....
Good luck with your "measured buying"
Saleem
S
ReplyDeleteI heard bad news on Netflex
STARTZ was greedy on renewal costs!
down $22
are you selling after hours
Goo dluck
Hi C,
ReplyDeleteNO.. i am holding NFLX until CC with NFLX CEO...
Saleem