Indices are into another record for 2016 @ high of the day with oil being higher. German data was also above forecast.
S&P 500 @ 2118.52, high 2119.22, low 2110.18
Internals are positive by 2 to 1 in NYSE & by 40% in Nasdaq
Oil UP 53 cents
Gold UP 50 cents
Canadian $ UP 51 tick @ .7236
VIX UP .22% @ 13.68
In my portfolio...Added 150% KGC @ $4.94
Portfolio BIDU CNQ CMG JKS KGC JCP SBUX TWTR UA
Most stocks are UP
@ 2.33 following are red :
BIDU CMG KGC TWTR VRX CTRP PANW AMZN FB
LULU GG ABX AUY LNKD YHOO TK SSYS WB
SPWR GS TRIP YELP......
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold HD @ 130.42 on heavy chart and the need to raise cash.
I was debating heavily between HD and FDX for sale, and although I think I like HD's prospects and thesis better longer term, the charts told a different story--I won't fight the charts right now.
Bought SODA @ 21.80
After the first good quarter in a while they were back on my radar recently, but I still needed to see more to get back onboard. The next announcement of their entrance into craft beer was interesting, and although I didn't think it would work especially well, it did show they were trying to shift to current consumer beverage trends. Finally today, one of their biggest competitors (and a mental block for many investors) discontinued their product, the Keurig Kold. With all these factors at play, and a contrarian lingering long term negative attitude towards the stock, I felt downside was limited in the stock price, and upside potential still remained despite a *very* overbought chart.
Portfolio: TZA SPLK, NXPI FDX GM, SODA AVAV FIT GWPH JKS (separated by overweight, normal, speculative size)
Stocktrader
Hi Stocktrader,
Good luck with SODA......
Saleem
Hi Stocktrader,
Sold CNQ @ $31.28
Added 55% TWTR @ $15.00
All done seconds before closing.
Saleem
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