Indices are higher for second day on new money flowing in, oil & gold are higher. Fed minutes were more reflective of election result.Indices are @ high of the day.
S&P 500 @ 2270.59, high 2271.07, low 2261.60
Internals are strong with advancing stocks leading by 6 to 1 in NYSE & 4 to 1 lead in Nasdaq
Oil UP 80 cents
Gold UP $4.70
Canadian $ UP 1.26 cent @ .6699
VIX Down 6.46% @ 12.02
In my portfolio Bought GG @ $14.10
Portfolio AMD BIDU BAC CNQ FCX GG OCLR TECK
Most stocks are UP
@ 2.19 following are red :
MU PI ABX MSFT EBAY MCD SLW CRUS ...
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought a speculative size of TWTR @ 16.91
So this is a tricky one, but I feel like the "conversation" around TWTR is changing. Trump is really giving TWTR an identity that it has struggled to find for years--as a legitimate communications platform that doesn't get filtered through traditional media.
The chart is interesting after resting late last year (on tax loss selling likely) and, although still below both major moving averages, could be setting up for a bigger up move if it breaks through those.
Other potential positive catalysts include a resolution of Dorsey's double-duties as TWTR/SQ CEO or a takeover rumor/actual takeover.
Potential negative catalysts include a negative pre-announcement on revenue/users or more negative analyst notes.
Stocktrader
Hi Stocktrader,
You have correctly weighed the odds.....thus it warrants speculation.
Good luck with TWTR.
Saleem
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