After Open dive....Indices were recovering nicely towards break even level... then HFT hit the sell button.....so down we went to 1.50% loss across the board........
So far low of the day in S&P 500 is 1107.17....as long as we hold 1100...then we are technically OK.....
Gold UP $9.80
Oil down $1.02
Canadian $ Down 1.12 cents to 97.30 as Canadian jobs report also was well below expectations ..lost 131K jobs
VIX UP 4.71% to 23.14
Portfolio is JASO,RIMM,LVS,SNDK......
Most stocks are down...
@ 12.40 following are green :
RIMM,JASO,TSL,BIDU,EGO,IAG,ABX,
SLW,CRUS,ASIA,SOHU,MA,V,PMCS,
X,GG,CSIQ,FMCN,JRCC,AEM,LDK,
SNE,FWLT.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Saleem,
I think HFT controlled the market. It is not so bad at all, because if it is bad, we should see one uniform color RED. In this case, there are many stocks still in GREEN. The point is how to pick what stocks HFT push up or down. It is tough. SOLAR is doing good today. Thanks for keeping us in check.
Michael
Hi Michael,
YES...many stocks are HFT favourite on the Bull side & Bear side....
Solar,BIDU & today RIMM is on the buy side of HFT....
Watching TAPE closely gives you the clue to HFT likes & dislikes..it changes every week....
Saleem
Well this weeks done. I guess we'll have to wait for fed speak on tuesday.
Saleem,
The close was amazing. Most of stocks in GREEN as you expected.
You have an excellent portfolio. 3 GREEN out of 4 in a down market. Have a nice weekend.
Michael
Hi Michael,
Thanks for your feedback.
Having focus in few stocks gives me better handle on TAPE....
I try to know FA/TA/TAPE of no more than 20 stocks in total...
It is intetresting to observe that ..not all of 20 are moving as rapidly...so i keep rotating into different 4/20 @ a time....
Trading keeps me intensley focus in my universe of 20 stocks.....
Just some food for thought !!!!
Saleem
Hi Victor,
Fed statement on Tuesday will be a "carbon copy of last Fed minute"
SO...on to higher highs !!!!
Saleem
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