Friday, January 28, 2011

Egypt,Wkly Option & overbought putting pressure in markets.....

Unrest in Egypt an Oil producer,weekly Option Expiry & overbought conditions are taking a toll in markets today...

All Indices are Down from 1.31% to 2.41%...Nasdaq being the weakest thanks to AMZN,F & SNDK below expectations ER.....

VIX UP 17.59% @ 18.99

Oil UP $3.58

Gold UP $20.30

Canadian $ Down 34 tick @ 100.17

Portfolio is FFIV,MGM,PCLN,RVBD.....

Majority of stocks are Down....

@ 1.02 following are green :

RVBD,BAC,CRM,NFLX,SU,CNQ,
SLW,IAG,MOS,SOHU,CCJ,GG,
FNSR,JDSU,LSCC,DRYS,ASIA,
JRCC,AEM,ABX...

BLOG does NOT give buy or sell.

Saleem

3 comments:

Michael said...

Saleem,

CLOUD's group especially CRM and RVBD hold relatively very well in this turmoil. MGM and PCLN took a beating. FFIV seems weak after initial surge but could not hold. Hope we will have a half decent close.

Michael

psrajpal said...

My holdings in TER has paid off well since last week when I entered at 13.99.

FFIV will close strong it seems. Bought additional TER, FFIV and BAC.

Hoping to see some strengh at close.

Regards,

Paramjeet

Stocks100 said...

Hi Michael & Paramjeet,

I left home around 230PM to do some shopping intraday..as i was not expecting much from market based of TRIO issues i identified.

I am glad that RVBD did well & FFIV not bad @ all.

PCLN being down 2.75% is not bad..look @ carnage all over.


TER after hitting new 52 wk high was down only .73%....good catch $$$$

BAC was a smart purchase as it is washed out.

Saleem