Tuesday, April 26, 2011

All Indices @ new high....NICE !!!!

All indices are making a fresh new high. I am sure David Rosenberg will ignore this factual milestone.

Market internals are positive by 2 to 1 or more......

Gold Down $7.50

Oil Down 60 cents

Canadian $ UP 25 tick @ 105

VIX Down 1.71% @ 15.50

In my portfolio :

Sold NFLX

Portfolio is APKT,BIDU,LULU,POT

Most stocks are UP

@ 2.11 following are RED :

BIDU,APKT,NFLX,PCLN,FFIV,RVBD,AMZN,
ARUN,PLCM,SOHU,SINA,CMG,AAPL,VMW,
SLW,CRM,GG,IAG,NTES,AEM,ABX....

BLOG does NOT give buy or sell.

PS...Had to step out, thus a delay in this post.

Saleem
at

6 comments:

  1. MichaelApril 26, 2011 at 11:47 AM

    Saleem,

    Market is up. However, most high flyers (BIDU, NFLX, AMZN, AAPL, LULU, SINA, SOHU, CRM...) are down. Will there be a correction coming?

    Michael

    ReplyDelete
  2. Stocks100April 26, 2011 at 11:54 AM

    Hi Michael,

    NFLX has caused all high fliers to be under pressure.....

    AMZN reports tonight which may not be good BUT BIDU & POT to excel...

    APKT should be good tonight !!!!

    Saleem

    ReplyDelete
  3. MichaelApril 26, 2011 at 12:03 PM

    Saleem,

    I just pull the trigger at APKT for the ER. Good luck to us.

    Michael

    ReplyDelete
  4. Stocks100April 26, 2011 at 12:09 PM

    Hi Michael,

    Good luck with APKT !!!!

    Saleem

    ReplyDelete
  5. cApril 26, 2011 at 12:37 PM

    Saleem:

    For a trading idea FCX--see the recommendation
    Company: Freeport-McMoRan Copper & Gold Inc

    Buy FCX @ $55.88

    Set Buy Limit @ $56.00

    Set Stop Loss @ $48.62

    Set Sell Limit @ $65.46

    Freeport-McMoRan Copper & Gold Inc. (FCX) is primarily a copper and gold mining company that has seen a 40 percent increase in stock price over the past year. Fundamentally FCX is strong company realizing profits through the increase in gold and copper prices. From a technical standpoint, using the Moving Average Convergence-Divergence (MACD) indicator, we are very bullish on FCX. Today, the MACD fast line crossed both the zero barrier and the signal line at the same time. Each of these occurrences separately is bullish. It is rare to see them happen in conjunction with one another, but when they do it is a very bullish sign - especially for a stock like FCX that has a very high correlation with the MACD over the past 6 months.

    This is a Position trade with an expected holding period of 3-6 months. An appropriate portfolio allocation for this trade is 15 percent.

    Bottom Line: The fundamentals are great, technically the timing is perfect and with surging commodity prices FCX is great buy.

    thoughts

    Very best to all

    ReplyDelete
  6. Stocks100April 26, 2011 at 12:55 PM

    Hi C,

    Thanks for the report.

    I have to study TA/FA...to make a comment.

    Saleem

    ReplyDelete