Indices are mixed on nervousness about upcoming meeting with Chinese leaders on Thursday & Friday. Rhetoric has to deal with real world reality. Indices are near high of the day.
S&P 500 @ 2358.58, low 2350.72, high 2359.80
Internals are mostly negative
Oil UP 79 cents
Gold UP $3.50
Canadian $ Down 35 tick @ .6587
VIX Down 2.50% @ 12.07
Portfolio AMD BIDU CNQ CY MU TECK
Most stocks are down
@ 2.20 following are green :
CNQ TECK SWIR AKS SWKS CHK AMZN ABX FCX
AAPL MSFT TSLA CSIQ EBAY YUM TK RIG LNG
YELP FSLR SPWR BBRY GS DATA SU SLW AEM
CRUS OPK LRCX CNX.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem and stocktrader,
CHK, SWN and TECK are up. To sell or not to sell, that is the question.
Good luck to everyone.
Joseph
Hi Joseph,
All those stocks are very tough, whipped around by the day-to-day fluctuations in commodities.
I think CHK is the cheapest, and I think not for good reason as they've made many positive moves in the last year. Also, their expansion into oil has helped balance the company better versus pure natural gas plays.
TECK relies very much on steel-making demand, especially in China, so I think there's risk there even as they've diversified away some recently.
SWN is a pure nat gas player but it hampered by poor location thereby lowering its selling prices. A very hot summer or new pipelines could help significantly.
Good luck with decisions! :)
Stocktrader
Hi Stocktrader,
Thanks for the informative post. I have 3000 shares of CHK. I am still losing money with SWN (1100 shares). I will look for an opportunity to sellit. I have some profit with TECK (500 shares). I have traded almost 4000 shares of TECK and so I have only profit with that stock.
I must admit that your trades helped me with my retirement account especially last year. I was nervous to transfer my retirement account to investment account. I must say that I am lucky with some good profit. The Big one was RLYP. Last year I had only three trades with loss (retirement account). TRIL is one of them. However my personal account was hit so hard. I made some big blunders with my trades. BREXIT and TRUMP victory did affect my personal account. I thought the market would crash, but I was wrong. Life is a continuous learning process.
Thanks a million for your help and I will always be grateful to you and Saleem. Good luck.
Joseph
Hi Joseph,
Sorry, i did not check my BLOG after writing.
TECK is a good stock and is behaving better than TAPE.
Conviction with TECK will pay off.....
I am staying with TECK.
Saleem
Hi Joseph,
Saw your comments about last year trades.
We learn the most from our mistakes, it teaches us about our weakness either in strategy or interpretation.
Between stocktrader and me, you have very good market interpreter, we may interpret totally different on occasion, but generally, we are accurate in market direction.
As long as you balance your own views with our market prediction, you should be OK in converting retirement into investment account.
One big difference between stocktrader & me.....i stay out of biotechs 100%......
Maybe, you can factor that one in your mix of decision.
Good luck on your rethink!
Saleem
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