Dow is giving golden cross second day in a row, that happens when 50 DMA crosses 200 DMA. Golden cross normally predicts better time ahead for stocks & Markets.
Internals are slightly negative.
Gold UP $14.80
Oil Down 7 cents
Canadian $ Down 15 tick @ 98.75
VIX Down 2.22% @ 22.46, giving a bullish signal for stocks.
In my portfolio :
Added 50% RIMM @ $15.03
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Exposure 115%...RIMM is the biggest position in my portfolio @ 25.50% followed by AMZN @ 22.05%
Most stocks are down
@ 1.55 following are green :
FIO,RVBD,SNDK,TCK,LULU,CLF,COH,
CMG,AAPL,AGU,SU,GOOG,BWLD,
ULTA,ABX.....
BLOG does NOT give buy or sell.
Saleem
8 comments:
SALEEM
Thanks for sharing your blog with me.....
Good analysis
I needed the golden cross analysis
C
Hey Saleem,
Despite the averages being near the flat-line, most beta stocks are doing quite well--great sign! :)
Stocktrader
Hi C,
Golden cross is golden for investors & traders.
Saleem
Hi Stocktrader,
YES.....many stocks are showing "relative strength"..look @ a major turnaround in RVBD....
Close looks good $$$$$
Saleem
Hey Saleem,
Yes, RVBD is helping nicely. I'm down less than 1.5% overall despite my start-of-day 3rd largest position being down 19+%.
I think the close sets up nicely too :).
Stocktrader
Hi Stocktrader,
Being well diversified generally helps in softening any untimely situation.....
Your overall result is speaking volume about your in-depth research.
Saleem
Saleem
The market is looking healthy here-IMHO
Oils are hot
My GE is showing some strength
C
Hi C,
Not a bad close.
Good luck with GE.
Saleem
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