Greece again is providing minute to minute change of heart in their confused EU membership.
As usual when money spigot stopped, Greece had change of heart & policy.
IF we can believe, then Greece is not having referendum.
IF i was EU head, i will insist on a vote in parliament for acceptance of bailout conditions, otherwise Greece will turn on a dime again & again....
They must be testing their welcome in EU community, MAY end up in Greek tragedy......
Indices are @ best level of the day UP almost 1.71%
Internals are positive by almost 3 to 1
Oil UP $1.95
Gold UP $35
Canadian $ UP 36 tick @ 99.01
VIX Down 5.56% @ 30.92
In my portfolio :
Bought AUY @ $15.67
Portfolio is CSIQ,LVS,JCP,POT, RVBD,TLM,AUY
Most stocks are UP
@ 1.47 following are RED :
CSIQ,JKS,MGA,MS,BWLD,AGU,TSL,RIMM,
JDSU,FMCN,SOHU,PWRD,LDK,SNE,IBN....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
Market action is great and NASDAQ leading the way which is always a great sign.
Stocktrader
Hi Stocktrader,
Market is expecting a formal ( through parliament)retraction of
Referendum & other ongoing circus....
Saleem
Saleem,
Greece wants free money without any change. This is not going to work in this day and age. Their great ancient time is over. I hope they will short this out soon. I want a Santa Claus Rally. I don't want be kept hostage for another month.
I sold some yesterday and now 50% moving forward. Like Stocktrader, I went to bed with the Futher down big time and woke up with all of my stocks were up.
I agree with you that the bail out should be tied to conditions otherwise, Greece thinks that now they only got 50% deduction. If they do something stupid,they will get a free ride.
Michael
Hi Michael,
Market is looking beyond Greece one way or the other...
I think we are already working towards Santa Claus rally....
Saleem
Hey Saleem,
I did some further allocation based on today's positive action. I bought ACI and CLF in the quiet commodity sector today, AAPL for a breakout, and BAC for a domestic undervalued play.
It doesn't seem like much can derail the momentum now? I still have some dry powder for dips.
Stocktrader
Hi Stocktrader,
I am glad you have diversified into many sectors, which provides cushion when market turns for some unknown reason.
Good luck !!!
Saleem
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