Indices are higher for fourth straight days on clarity from Fed that they will exercise patience in monitoring economy and its strength. China US first round of discussion was extended for 3rd day and was satisfactory to US spokesperson.
S&P 500 @ 2593.39, high 2595.32, low 2568.89
Internals are positive from 2 to 1 to as high as 3 to 1
Oil UP $2.42
Gold UP $6.80
Canadian $ UP 70 tick @ .6798
VIX Down 2.98% @ 19.86
In my portfolio :
Sold BIDU @ $167.30
Added 100% NVDA @ $140.78
Bought WB @ $59.80
Bought IQ @ $17.25
Portfolio FEYE IQ MOMO NVDA SQ WB
Most stocks are UP
@ 2.18 following are red :
AMD NIU TLRY CIEN EXPE TK GOOG OSTK
MCD X......
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought TNA @ 50.35
Besides just selling TZA (posted on your prior thread), I think long small caps is the right move for the current environment with the Fed on hold. I am quite late and may be susceptible to a pullback, but I think it would be shallow and short, and positive catalysts should still be ahead of us in the shutdown and trade resolutions.
Stocktrader
Hi Stocktrader,
Good luck with TNA....
This move should be a healthy 20% on the upside before minor ? routine pullback...
Saleem
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