Indices are UP after pulling back for 2 days, Nasdaq is the strongest today. Fed minutes reflecting debate over timing of next hike.
S&P 500 @ 2058.74, high 2061.54, low 2043.09
Internals are positive by 2 to 1
Oil UP $1.71
Gold Down $6.10
Canadian $ UP 22 tick @ .6887
VIX Down 5.71% @ 14.54
Portfolio ABX CNQ CMG FEYE JKS MSFT NTES JCP
SBUX TWTR
Most stocks are UP
@ 2.11 following are red :
CMG LULU SPWR GG QRVO LVS CSIQ FSLR AAL
MCD WYNN GS.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold MET @ 42.47
My expected positive catalyst came and went and now I'm back to where I started without a new reason to rise. Financials continue to trade so poorly with the world interest rate scenario. I'm stepping to the sidelines.
Stocktrader
Hi Stocktrader,
Good luck with new picks.
Saleem
Hi Saleem,
Sold NXPI @ 82.96 to take profits.
Stocktrader
Hi Stocktrader,
Excellent run with NXPI$$$$$
Saleem
Hi Saleem,
I really don't have a definitive feeling like we need a pullback. It's more of a fear of some kind of crisis situation with banks or leverage. I may have acted too seriously in selling here, but I start rolling downhill and I tend to go a lot.
Hopefully if I am wrong I won't miss too much.
Stocktrader
Hi Stocktrader,
Do your homework and get back in.....
There is lot of opportunity in this market.
Close certainly telling you everything is fine.
Good luck!
Saleem
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