Indices are UP after yesterday's tumble.
S&P 500 @ 1639.88, high so far 1641.18
Internals are positive
Oil UP 90 cents
Gold Down 80 cents
Canadian $ UP 16 tick @ 95.38
VIX Down 3.46% @ 16.19
Portfolio ANR BAC CLF KOG MU AUY
Most stocks are UP
@ 1.54 following are red :
QIHU AGU POT JCP LEN TSLA TIF
CF YUM NVDA GGJ MGA TRLA
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI don't trust myself or the market right now. Almost every chart I look at is horrible, but I can't pin down a reason for further selling from here except for data that hasn't come out yet, and even "bad" data comes with a bullish offset in a possible taper delay.
I was looking at M strongly last night but it ran away today.
TXTR keeps moving higher and higher. I hope they do a secondary soon so that I can consider a re-entry.
I should have added more FB when it was lower as it is my "easiest" bullish call, and even being my largest position it's only 7.1% of the portfolio.
Stocktrader
Hi Stocktrader,
ReplyDeleteMost traders are struggling with current TAPE....
August & September are difficult trading months as it is a transition from slow to strong Q 4....
If you follow your own hunch ie FB & TXTR....you will do well......but we all second guess ourselves....
I expect another "choppy week"
Saleem
Hey Saleem,
ReplyDeleteAnd just to clarify, FB is my largest *long* position. TZA still represents 23.6% of the portfolio. That was helpful yesterday for sure.
Stocktrader
Hi Stocktrader,
ReplyDeleteYesterday was bad for me with everything red......
TZA saved you big time.....
Yes i know about your FB weighting.
Saleem