Tuesday, June 22, 2010

Mixed market so far....

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:

Michael said...

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

Stocks100 said...

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