Indices took off today on renewed hope for Spanish banks.
European markets also UP over 2% today.....
S&P 500 trading @ 1308.51 well north of 200 DMA
Internals are positive by 4 to 1
New 52 wk highs are in the lead.
Oil UP $1.17
Gold UP $17.70
Canadian $ UP 86 tick @ 97.21
VIX Down 6.52% @ 23.07
In my portfolio :
Added 50% LNKD @ $102.57
Added 120% JCP @ $24.93
Portfolio is COH,LVS,LEN,LNKD,JCP
Exposure 96%
Most stocks are UP
@ 1.52 following are red :
COH,LNKD,AUY.......
LULU reports before open.......
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
My portfolio is right where I want it to be with exposure to great stories that can capitalize on future trends of innovation and cheap energy. The only stock I am even considering is MOS, but can't find a place at this time with so many performers.
It is refreshing to see the market up nicely for a change :).
Stocktrader
Hi Stocktrader,
Your portfolio is working nicely for you now.
AG & base metals are performing today.
Market has lot more room to go.
Saleem
Hey Saleem,
I am not a fan of most commodity stocks, and many are well off the highs even today. It seems both the US and China (two biggest world economies) are looking at either no stimulus or targeted stimulus, neither of which I think makes pure commodity stocks look attractive as capacity continues to increase. Also, cheap natural gas continues to put pressure on oil prices, and as fracking technology is transported around the world, I think energy prices will stay very well contained, which makes value-added stocks the way to go for the new world economy.
That's how I'm positioned currently :).
Stocktrader
Hi Stocktrader,
You know, i am as far as possible from AG,Base Metals,Oil ....they have been under severe downtrend for six months......
Less demand means leverage/profitabilty under pressure......
Saleem
Hey Saleem,
You have been saying that for months and been absolutely correct! The massive stimulus I was expecting from China is not in their plans, which is ultimately a good thing, but had me positioned wrong for too long.
Thanks again for all your advice and explanations. Sometimes we all get caught up in ideas that don't work, but it is our ability to adjust and adapt that can make us money in the future! :)
Stocktrader
Hi Stocktrader,
Thanks for your appreciative note.
We all have talent which we can share....
It is the collective wisdom which has made this world a better place.
We all learn from our mistakes, which happens to all of us very frequently......
Saleem
SALEEM
Hello
WHat happen to Coach ----ouch
I kinda like BIDU, but I like T's performance better today.
Copper finally came back-so commodities are not dead yet.
RVBD popped --thoughts about getting some/
C
Hi C,
No idea what is wrong with COH....
My confidence is very low in RVBD...there is speculation, that they may guide down AGAIN.....
Saleem
Post a Comment