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
4 comments:
Hey Saleem,
I 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,
Most 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,
And 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,
Yesterday was bad for me with everything red......
TZA saved you big time.....
Yes i know about your FB weighting.
Saleem
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