Indices were under selling pressure on "sell the news" about Greece agreement.
I wish life was that simple, as advocated by Jimmy the Cramer last night, who said sell the news?
All indices are making higher highs, sign of a very strong bull market.
Rotation & buy the weakness is the game.
S&P 500 @ 1354.13
Internals are mixed.
Oil UP 91 cents
Gold UP $7.50
Canadian $ UP 16 tick @ 100.53
VIX UP 1.21% @ 18.38
Portfolio is AMZN,CNQ,RIMM,RVBD.....
Most stocks are UP
@ 2.10 following are down :
AMZN,RIMM,RVBD,CLF,SU,TCK,MOS,GG,
FFIV,APKT,SLW,MS,C,WYNN,Mu,
SCCO,OCZ,NYX,NDAQ,BJRI,KOG...
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
The market is definitely super strong. Barring a big euro drop, we will probably continue to melt up. Even if we get a big euro drop (not on panic but on relative economic strength), I think the drop is temporary. Looking 6-12 months out, the problems will easily be a backburner to the slow, steady growth movement.
I am hoping for some kind of dip to pick up some great growth stocks.
Stocktrader
Hi Stocktrader,
I am in the same camp...waiting to add @ better prices.
We are going much higher to new all time highs in Dow & S&P 500 ..Nasdaq new high maybe by 2013.
Waiting is frustrating also.
Saleem
SALEEM
hello to all
Happy hunting--wow what a day--Amazon recovered!
GNK continues to go up on no real news 12% today.... the day rates have not really recovered yet....
MWE up again I am fully loaded and do not know
what I should sell so I got no cash at this time
I wish you all well
C
Hey c,
I think the fact that the day rates turned up finally got some people interested in the dry bulk shippers. Also, this time of year is seasonally weak for day rates due to the Chinese holiday, so the huge plunge I think isn't truly representative of the market, although they surely are depressed in general with all the shipbuilding still occurring.
So far so great on GNK--I'm glad you held on for this nice run! :)
Stocktrader
Hi C,
YES..AMZN found support below $182 & turned UP fast.....
Patience, conviction & a good game plan is key @ these level in market.....
GNK is moving for you..stay with trades that is working..dont be in a rush to sell...look @ overall picture.....
Saleem
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