Thursday, March 18, 2010

S&P 500 & Nasdaq RED......

Indices are struggling with severe overbought conditions.......S&P 500 & Nasdaq are in RED.....

Gold Down $4.40

Oil Down 88 cents

Canadian $ Down 33 tick to 98.66

In my portfolio :

Added 50% more VXX @ $22.06

Added 20% more APWR @ $12.47

Portfolio is APWR,VXX,QID....

@ 12.15 following are Green :

PWRD,FDX,TQNT,SOHU,NTES,AMZN,GAME,
PALM,FMCN,SNDA,NDAQ,FUQI,ASIA,SNE,VAR....

BLOG does NOT give buy or sell.

Saleem

10 comments:

Michael said...

Saleem,

TSL is under pressure due to the secondary offering. Please comment if it is good opportunity to add TSL? I only have VXX and SMN.

Michael

Stocks100 said...

Hi Michael,

Below $21 is a good entry point for TSL.....

My guess is that secondary could be priced in $21 area +-

Saleem

Michael said...

Saleem,

I will wait for the dust settling down before I make any move on TSL. I just added in APWR. Thanks for your comment.

Michael

Stocks100 said...

Hi Michael,

APWR just tested 200 DMA @ $12.26..so far it has been OK......

I have been averaging down in APWR..still my cost is $16.06...

Good luck with APWR.....

Saleem

madmax said...

SALEEM

More green than ever

WOW what a day

regards

Stocks100 said...

Hi Madmax,

Most stocks are RED on my screen ???

Saleem

Anonymous said...

Saleem,

Purchased QID as insurance.

Stocks100 said...

Hi Victor,

QID is great for insurance !!!!

Saleem

madmax said...

SALEEM

What I meant to say is GE , GNK and GS are green
and can not be kept down

I am so surprised as to there resiliency

Cheers

standardshigh said...

Hi All,

Ummph! This market looks tired. With this big vote coming over the weekend there could be some fireworks to the downside.

Best Regards