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
at

5 comments:

  1. madmaxDecember 14, 2010 at 5:24 AM

    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

    ReplyDelete
  2. Stocks100December 14, 2010 at 6:05 AM

    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

    ReplyDelete
  3. madmaxDecember 14, 2010 at 6:14 AM

    SALEEM

    as usual thanks for your support

    have great day

    ReplyDelete
  4. madmaxDecember 14, 2010 at 9:55 AM

    SALEEM

    LVS is getting hit as well as FFIV

    any thoughts
    AUY is up

    Hmmm

    ReplyDelete
  5. Stocks100December 14, 2010 at 10:26 AM

    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

    ReplyDelete