Indices are reacting negatively to new lower growth projection by IMF.....European market closed down 2.12% to 2.76%..DAX being the weakest @ 2.76%...
S&P 500 @ 1887.62, low 1880.38, high 1929.18 ( open )
Internals are negative by 6 to 1 in NYSE & 4 to 1 in Nasdaq
Oil Down $1.16
Gold Down $12.70
Canadian $ Down 36 tick @ 66.29..near 11 year low
VIX UP 16.13% @ 27.43
In my portfolio :
Sold RAD @ $6.17
Sold TSL @ $8.08
Added 50% BIDU @ $133.99
Portfolio BIDU CNQ FB LULU NXPI VDSI
Most stocks are lower
@ 2.55 following are green :
None.....in my watchlist
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
I should have taken the month of September off like I said I should. It's just too tempting to pick up my favorite growth stories when we see crazy falls like this.
Stocktrader
Hi Stocktrader,
No we are reaching deeply oversold level.
Saleem
Hi Saleem,
I know, I think the same. I was just lamenting that I didn't follow my own thoughts on multiple occasions in recent months.
Stocktrader
hi stocktrader,
Your view of Market in September was right. It was good to be out of the market and waited for better opportunities. You were right going with tza. I have gone long with upro, hoping that the market would rebound today now it is also in red. I also liked your lbio pick. If you had got in the right time, it would have been good. I made some money with fcx, but I am losing money in portfolio.
I would like to thank Saleem and Stocktrader for sharing your ideas here. Good luck to you all.
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