Thursday, August 11, 2016

Indices UP .50% to .70%....NICE !!!!

Indices are @ high of the day on higher oil prices and good retail earnings.

S&P 500 @ 2186.36, high 2187.26, low 2177.97

Internals are positive by 2 to 1

Oil UP $1.86

Gold Down $1.40

Canadian $ UP 98 tick @ .7042

VIX Down 4.40% @ 11.52

Portfolio GOOG CNQ CMG GG NTES JCP UA VRX

Most stocks are UP

@ 2.08 following are red :

VRX X TSLA KGC OLED FFIV WB AEM 

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hi Saleem,

Sold ELY @ 11.61

It was a speculative play based on NKE leaving the equipment business, but there are new rivals and potential IPOs on deck in the space. I'm not sure how much more room ELY has at these levels.

Bought GWPH @ 86.73

Buying back on a dip, especially after the DEA maintained the restricted status for marijuana in the country. Even if this is revisited again at some point, GWPH gets a further lead.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with swap to GWPH....

Saleem

Stocks100 said...


Hi Stocktrader,

Starting a position in AKS @ $5.33.....more to follow...

Saleem

stocktrader_1996 said...

Hi Saleem,

I am historically skeptical of steel, but AKS looks especially interesting right now technically and relatively. I almost added a small amount today also as I had leftover money from the ELY to GWPH swap. I might still add tomorrow.

Stocktrader