Apology for missing 7 PM post.....had a rare social get together @ a freiends place 80 miles away.
Markets closed WEAK..as it could not shake weak housing data.....
Markets will remain "choppy".....so buying on weak days and selling on strong days ..may not be a bad strategy.....
Futures are down this AM also...which gives investors/traders another chance to buy strong stocks.
In my portfolio NVT,VMW..continues to behave better than markets...which is a very good sign.
SNDK was the weakest stock in my portfolio...on no news...so it dragged my returns into minor negative.....
Markets breadth was very weak in NYSE & Nasdaq...decliners were leading advancers by more than 2 to 1....
CMED reported this AM BEATS in Sales & EPS.....EPS was 26 cents higher than consensus by 1 Cent.......
Missed Fast Money & Mad Money.....so do not know what was the thesis of that "illustrious group of DEEP thinkers"......
Hoping for a much better day today after a WEAK open.
Will post Around 11 AM as usual.
BLOG does not give buy or sell.
Saleem
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