Indices are on hold for better economic news.
Internals are negative, close to 2 to 1 on the downside.
Oil Down 41 cents
Gold UP $12.70
Canadian $ Down 24 tick @ 100.04
VIX Down 1.1% @ 17.99
Portfolio is AMZN,CNQ,RIMM,RVBD
Most stocks are down :
@ 2.10 following are green :
CNQ,OTEX,LVS,CMG,FCX,TCK,LULU,
COH,SU,CF,MOS,GG,AUY,SLW,NTES,
VMW,FFIV,BIDU,MA,V,JCP,M,SCCO,
AEM,NYX,KOG,AGU.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
CLF has had 9 straight down days--pretty incredible!
Stocktrader
Hi Stocktrader,
CLF chart is looking very ugly....RSI @ 33.98...first support $64.90..then $63 then $62 looks like strong support....
I do not understand why its not participating in base metal rally?
CLF is only few cents off from your purchase price......
Hopefully it will turnaround here.
Saleem
Hey Saleem,
I am quite comfortable with the holding. This particular action seems like a lower volume retest of the post-earnings lows, which can precede an up move if the bottom holds.
Stocktrader
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