Tuesday, August 24, 2010

Indices Down 1.10% to 1.35%......

Indices took a tumble right @ open ...currently down max 1.35%......

S&P 500 went down to 1046.68 still above 1040-1042 area & well above much feared 1010..RSI @ 35.31 strong buy zone.....

VIX @ 26.79 UP 4.4%...some technicians were expecting a much bigger jump???

Gold UP $3.50

Oil Down $1.24

Canadian $ Down 73 tick to 94.46..retail sales in Canada was weaker than consensus.

In my portfolio :

Sold CNQ

Portfolio is LVS,AUY,SOLF.....

Most stocks are down..

TSL ER was a beat & guide UP,stocks UP 6.87%

@ 1.00 PM following are green :

RVBD,V,FMCN,KGC,AEM,FSLR,VXX,QID....

BLOG does NOT give buy or sell.

Saleem

2 comments:

Michael said...

Saleem,

I see this is a controlled market by HFT. If it is that bad, they would trash everything. But not in this case, there are many GREEN stocks. I believe if you pick the right stock, you are still a winner.

What sector do you see as a good pick now? Thanks.

Michael

Stocks100 said...

Hi Michael,

YES..HFT are playing & creating new trading range in market...

It is a stock pickers market..some stocks which looks like future winners include LVS,SOLF,AUY,VMW,BIDU,TSL,AMZN to name a few..they are all on sale today except TSL which is UP 5.4%...

Pick a basket of 5 stocks....

Good luck in your selection.

Saleem