While indices are making multi-year highs & VIX making multi-year lows, we have our favourite Doug Kass coming out of his bear camp & telling all of us again & again & again.. we all are "whistling by graveyard"...he used the same line @ S&P 500 1000 level....then 1025 then 1050 then 1100 level ...you get the picture...Now we closed @ 1360.48....
Internals were positive all over
Stocks which were UP 1% or more included C,JKS,TSL,
PCLN,ALTR,BWLD,CMG,RIMM,SINA....
Here is the RSI for all indices :
S&P 500 68.11
Nasdaq 69.91
Dow 71.28
Based on Ben Bernanke policy statement, there is a "reasonable chance" that we could see 1410 area in S&P 500 before its time to take another pause/pullback.
In my portfolio :
Sold BIDU
Added 100% LULU @ $99.37
Portfolio is APKT,LULU,POT
AH RIMM issued warning, stock down 11.17%
AH ER DECK issued poor guidance, stock down 7.88%
AH ER SWKS was a beat & guide UP, stock UP 13.99%
AH Futures Down
AH Asian markets UP
AH Gold & Silver UP
AH Oil Down
BLOG does NOT give buy or sell.
PS..some of you were having difficulty in leaving comment in my BLOG.This is an issue for Google support team for resolution.
Saleem
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