Market was given many "suckers punch" to test its strength...
First it was weak earning reports from AAPL,IBM,VMW & BAC.....
Second China raised interest rates by .25% to check borrowing....lending rate now is 5.56% & savings rate is 2.5%....
All commodities are taking it on the chin......
S&P 500 went down to only 1166.92 and now is fighting back to current level of 1176.45 in 2.5 hrs..
Market definitely is giving a clear signal that these slumps are a "buying opportunity"
Gold Down $29.80
Oil Down $1.83
Canadian $ Down 1.18 cent to 97.12..Canadian Central Bank left interest rate unchanged & is citing weakness in growth.....
VIX UP 2.72% @ 19.61......
In my portfolio :
Bought BIDU @ $100.84..BIDU reports AH Thursday..expecting beat & guide UP....
Portfolio is LVS & BIDU....
Most stocks are Down....
@ 12.10 following are Green :
POT,JKS,MA,V,GS,PMI,SNDK,BAC,
CTRN,ICE,NTES....
AAPL price target was raised by many analyst this AM......
BLOG does NOT give buy or sell.
Saleem
7 comments:
Did you get of of VMW already?
Hi Rob,
I wrote in Q&A that i sold VMW AH.
Analyst are mostly positive in their note this AM.....
Saleem
I got more apple
So their
good luck on VMW
Get some IBM and LVS which is way over sold IMHO
Buyers or Sellers last hour???
Hi Victor,
Looks like sellers.....
1160 needs to hold @ close.
Saleem
Sellers in control. I think they take it down to S&P 1130.
she came back some. We'll have more clarity come tomorrow.
Post a Comment