Friday, August 20, 2010

Indices down from .64% to 1.03%......

S&P 500 took out recent support and went down to 1063.91.....still ABOVE next support area of 1056.88 & then mother of all support @ 1010.91.....

Bearishness is @ its peak as retail individual investors are bearish & MAY signal a turn UP....

Gold Down $7.30

Oil Down $1.12

Canadian $ Down 72 tick @ 95.30....

VIX UP .45% @ 26.56

In my portfolio :

Sold RIMM

Bought SOLF @ $10.02

Bought CNQ @ $31.87

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

RIMM was downgraded by Morgan Stanley with a $47 target....

Most stocks are down

@ 12.47 following are green :

VMW,GS,RVBD,FMCN,TKC,CTRN,
GAME,FSLR.....

BLOG does NOT give buy or sell.

Saleem
at

5 comments:

  1. AnonymousAugust 20, 2010 at 10:26 AM

    Saleem,

    SP 1063 held. We go higher from here. Purchased ARMH & CTEL.
    GLTA.

    ReplyDelete
  2. Stocks100August 20, 2010 at 10:28 AM

    Hi Victor,

    Many stocks were on sale today...

    Good luck with CTEL & ARMH...

    Saleem

    ReplyDelete
  3. AnonymousAugust 20, 2010 at 10:31 AM

    Thanks Saleem. Going to work now. Have a good weekend.

    ReplyDelete
  4. MadmaxAugust 20, 2010 at 12:38 PM

    SALEEM

    Have a good day
    Been checking in and did not like
    the market it all --no cash left any way
    i AM AT WORK

    GOOD LUCK

    ReplyDelete
  5. Stocks100August 20, 2010 at 12:49 PM

    Hi Madmax,

    Market should be OK for few days...it is rangebound.

    Saleem

    ReplyDelete