Indices closed UP despite "European scare about Italy again"
Indices are fighting everything which is thrown its way, which is a sign of good things to come.
Internals were positive overall.
Oil closed @ $95.52
Gold closed @ $1791.10
VIX closed Down 1.03% @ 29.85...wow below 30 AGAIN.......
AH ER were greeted as follows :
RAX UP $1
PCLN UP $13.17 on AH volume of 648K, range of PCLN in AH was typical of every ER, low of $474 & high of $529 a range of $55
In my portfolio :
Sold RVBD
Bought MS @ $16.89
Portfolio is CSIQ,MS,JCP,POT,PCLN,TLM
Here is my $ weighting as of reg close :
PCLN 29.50%...much higher after hours......
POT 21.60%
JCP 19.40%
MS 14.81%
CSIQ 7.83%
TLM 6.86%
AH Futures Down
AH Asian Markets Mixed
AH Gold UP
AH Oil Down
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hey Saleem,
Strange day today--neither the drop nor the subsequent rise made much sense (other than stocks in general bull mode)--made no moves, still 100% long.
Nice call on PCLN :).
Stocktrader
Hi Stocktrader,
How we close is a tell-tale sign of a bull market...
I am rotating many stocks where it seems gains are stalled & switching into new ideas.
Saleem
Hey Saleem,
That is my plan also--constantly identifying the bottom 1-2 of my 11.5 for rotation if I see a good opportunity.
Looking like a good morning :).
Stocktrader
S
let me again congratulate you on PCLN--ShaBang!
Keep up the great stock picking!!!!!!!!!
APPLE seems to be in play today --my call is up 2% so far
Looks like stocktrader is spot on for a run to $440 for apple!!
Take a look at INTC it is strong--I got some yesterday --for long term - I got some LINE bought some for my IRA account....
Saleem, please let me know your next buy as I have some powder!
Best to all
C
Hi C,
Thanks for your feedback.
AAPL looking good today.....
Once i have evaluated i will let you know IF something looks good for buying..TAPE is sloppy today?
Saleem
Hi C,
Based on Chart analysis AMZN is a great buy right here right now...
Saleem
Hi Saleem
I am looking at GS, what do you think?
Hi Up,
GS looks ready to take off...
RSI only 54.....
Saleem
Saleem,
Very nice catch on PCLN! I have been busy for a couple of days. Otherwise, I would follow your suit with PCLN. I just bought MS at 16.8. Gold is getting higher. I missed the run of AUY.
This is a tough picker market. You only win if you pick the right ones and I believe you will help us to pick the right ones. Thanks for your hard works.
Michael
Hi Michael,
Thanks for your kind words.
MS will do well once market is green....
Gold is looking good but it should be traded.
Good luck with your portfolio.
Saleem
HELLO to all
My SCCO is awesome--get some
Copper and the AGs are doing good here?
APPLE is trying to get above $410--Hmmm
C
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