US GDP gets revised downward but indices are moving UP, sign of relative strength.
S&P 500 @ 1604.66
Internals are positive.
Oil Down 19 cents
Gold Down $42.80 @ $1232.30, low today $1223.20...@ 3 yr low
Canadian $ UP 29 tick @ 95.40
VIX Down 6.01% @ 17.36
Portfolio EBAY KOG BBRY AUY
Most stocks are UP
@ 2.22 following are red :
AUY EBAY KOG NFLX AAPL MOS
FB TZA CLF GG RVBD CRUS
LRCX CIEN QCOM NVDA
EGO SLW AEM MS GS
IBN Z FCX......
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
Bought TCK @ 20.767--let's give it a shot. I think China *may* have bottomed, or at the very least, is due for a oversold bounce here which should help commodities.
Stocktrader
Hey Saleem,
Interestingly, the whole steel sector just shot up in the last hour or so. I follow STLD closely, and then looking at X also tells an interesting story from the lows earlier, especially in the light of other commodity industry stocks that remained under pressure like CLF, FCX, or WLT.
Stocktrader
Hi Stocktrader,
TCK is a profitable company even in these tough condition......
Good luck with TCK......
Saleem
Hey Saleem,
Sold INVN @ 13.63. I'm just too uncomfortable with the position to hold during this time. Maybe I'll be more interested after their earnings this quarter.
Stocktrader
Hi Stocktrader,
When you comfort level in not high..it is best to move on.
Good luck with new pick.
Saleem
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