Nasdaq is the only index which is showing green....
S&P 500 & Dow are slightly negative....
Resale housing Sales were well below consensus...BUT market is taking this negative news in stride.....
Gold Down $1
Oil UP 3 cents
Canadian $ UP 44 tick to 97.97
VIX Down .8% to 24.68
Portfolio is BIDU,CNQ,CREE,LVS,SNDK,SOLF,TCK...
@ 12.48 following are green :
BIDU,CREE,SNDK,LVS,POT,CRUS,AMZN,
AAPL,RIMM,GOOG,EGO,SLW,ISRG,MA,
AGU,SNDA,SINA,ICE,WYNN,VAR....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
It seems that market is in the hold mode. Will it pause before moving up or going down? What it is waiting? It is so tough. I am still holding and will use your blog as a guide for next step. Thanks for your works.
Michael
Hi Michael,
This is a "normal market" taking cues from economic report.....
Resale was a major letdown....
S&P 500 is below 200 DMA now...which is NOT a good thing...however IF we close above 200 DMA which is @ 1111.27 then we are OK.....
You also need to have a "strategy" like some long term plays & some trading based on sentiment...
Comfort level needs to be very high @ these levels......
Hope it helps.
Saleem
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