Tuesday, December 13, 2016

Indices UP .60% to 1.12%.....NICE !!!!

Indices are UP on frenzied buying and reentry into tech. Oil is slightly higher. All base metal stocks are weak. Rotation into technology is happening today.

S&P 500 @ 2271.80, high 2277.53, low 2263.22

Internals are positive.

Oil UP 14 cents

Gold Down $7.60

Canadian $ UP 1 tick @ .6881

VIX UP 4.35% @ 13.19

In my portfolio :

Sold CNQ @ $34.35

Bought BAC @ $22.41

Added 115% AMD @ $10.65

Portfolio AMD BAC BIDU CMG FCX TECK

Most stocks are UP

@ 2.33 following are red :

CMG FCX TECK FNSR NEFF UA RIG CSIQ
JKS FSLR SPWR CIEN AGU MGA MS ....

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hi Saleem,

Good luck with more AMD. I will have to investigate that story more closely--the stock is a rocket ship!

Bought back my half position in ZYNE @ 14.45

This is one of the few biotech stocks that has a good trend still and recently released positive safety data. In an effort to be diversified, and with the trend higher and short interest high, it could make a good candidate for year end positivity.

Stocktrader

stocktrader_1996 said...

Hi guys,

I didn't even realize it until just now, but ZYNE's CFO bought shares on the open market on 12/6 and 12/7. That was likely the cause of the spike late last week. It is definitely a positive signal--you don't see that often with a biotech.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added a bit more ZYNE @ 14.39 based on the above research.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with ZYNE.....

It is certainly behaving much better than other stocks in biotech sector.

Saleem

stocktrader_1996 said...

Hi Saleem,

Portfolio: MET(2x), LYB FDX SPLK M CHK ZYNE TECK, CY NEFF PI, cash 1.5%

Stocktrader

Stocks100 said...


Hi Stocktrader,

Balanced portfolio, good luck !

Saleem