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
Hey Saleem,
ReplyDeleteMarket action is great and NASDAQ leading the way which is always a great sign.
Stocktrader
Hi Stocktrader,
ReplyDeleteMarket is expecting a formal ( through parliament)retraction of
Referendum & other ongoing circus....
Saleem
Saleem,
ReplyDeleteGreece 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,
ReplyDeleteMarket is looking beyond Greece one way or the other...
I think we are already working towards Santa Claus rally....
Saleem
Hey Saleem,
ReplyDeleteI 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,
ReplyDeleteI am glad you have diversified into many sectors, which provides cushion when market turns for some unknown reason.
Good luck !!!
Saleem