Monday, December 13, 2010

Last hour selling caused a weak close.....

Indices were @ record high in almost 3 years,but last hour selling took away all the gains.Nasdaq was the big loser while Dow & S&P 500 managed a green close.

Internals were negative.

Stocks which ended green included AAPL,AUY,BIDU,MGA,
GS,GOOG,SLW,MA,V,X,CNQ,JDSU,EBIX.....

VIX closed down .34% @ 17.55...???Fear index still going down....

AH Futures Mixed

AH Asian markets mostly UP

AH Oil Down

AH Gold UP... above $1401

BLOG does NOT give buy or sell.

Saleem

5 comments:

madmax said...

Good morning to all
Saleem
Market looks week this AM

FFIV was a sell off yesterday after hitting new highs
Any thoughts as to it direction??

I will sell my Macy is has done nothing but slowly drop in price--I expected more action---wrong

Best to all

Stocks100 said...

Hi Madmax,

FFIV is among the strongest stock in tech..so do not worry about $2 moves....it is heading higher in the long run.

M is a good stock...keep it for long term.

Saleem

madmax said...

SALEEM

as usual thanks for your support

have great day

madmax said...

SALEEM

LVS is getting hit as well as FFIV

any thoughts
AUY is up

Hmmm

Stocks100 said...

Hi Madmax,

LVS went UP too much now it is near $44 area which "fair value"

FFIV had a huge run...major support in $130 area....

Option is also playing a role...

Saleem