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
Saleem,
ReplyDeleteIt 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,
ReplyDeleteThis 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