TAPE is in a blowoff stage and is creating a new all time highs in S&P 500 and Dow, Nasdaq only 20 points away. Oil is lower is not preventing bullish action.Indices are @ high of the day.
S&P 500 @ 2234.72, high 2235.57, low 2208.93
Oil Down 55 cents
Gold UP $6.20
Canadian $ UP 39 tick @ .6764
VIX Down 1.10% @ 11.66
In my portfolio....Started a position in FCX @ $15.42
Portfolio BIDU CNQ CMG FCX TWLO WB
Most stocks are UP
@ 2.27 following are red :
CNQ FCX TWLO NTES VRX TECK NTES EXPE
TK LNG WYNN TRIP PANW....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Good luck with FCX. I'm surprised you didn't go with TCK! :)
Stocktrader
Hi Stocktrader,
TECK is definitely my top pick, may get into it very soon.
FCX has been on my radar and was down....thus a small entry.
Saleem
Hi Saleem,
Oh right, TECK* now! Even though I own it I forgot :)
With TECK's forward P/E @ 8.75 versus FCX's @ 11.87, I like TECK's upside more from these levels and the chart is less extended. Both companies' estimates are probably conservative still though since much of the commodity upside has happened recently with analysts slow to issue new targets.
Stocktrader
Post a Comment