Thursday, April 14, 2011

Indices Down .13% to .51% as financials are down again.....

Indices are under pressure as financials are downgraded by GS.

Indices are fighting back again to go green. Market is showing resiliency again & again by not following overseas negativity.

Inflation concern in China is also putting pressure in equities & boosting precious metals.

Internals of the market are neutral in most indicator.

GOOG ER AH will set the tone for tech & market.....

Oil UP $1.09

Gold UP $17.60

Canadian $ UP 27 tick @ 104.14

VIX UP 1.42% @ 16.68....indicating equities to turn UP !!!!

In my portfolio :

Sold @ open BIDU,LULU & SOL

Bought BIDU back @ $146.59 much larger position

Bought LULU back @ $90.96

Portfolio is BIDU,LULU,POT......

Most stocks are Down

@ 1.21 following are UP :

BIDU,SINA,CMG,SLW,BWLD,PLCM,NVDA,
FMCN,GG,SNDA,NYX,GAME,TSL,AEM,
ABX.....

BLOG does NOT give buy or sell.

Saleem

7 comments:

stocktrader_1996 said...

Hi Saleem,

What turned you off to SOL? It got upgraded again today with a $13 PT--seems good?

Stocktrader

Stocks100 said...

Hi Stocktrader,

Nothing wrong with SOL...solar is extremely unpredictable..does not follow FA or TA on a consistent basis....

I would rather be ready with other stocks for a stronger market.

Good luck with your ideas...as long as you are making money....sector does not matter.

Saleem

stocktrader_1996 said...

Saleem,

You are dead on with that, money = money no matter the sector :). I was just interested in your rationale--thanks for sharing.

Stocktrader

c said...

S

cool selling $$$$$$$$$

I to bought BIDU back and SINA


I got some FCX at $52!! And I get .25 quarterly dividend..

I try and focus on divi protection on most buys

My WIN and CTL are both sucking eggs

Best to all--make $$$$$

Stocks100 said...

Hi C,

I am glad you are back in BIDU....has more room to grow NOW !!!

Saleem

c said...

S


Silve is king today

SLW is going gang busters'

wow
I did not think silver was hot

Maybe we should get some??

Regards

Stocks100 said...

Hi C,

Buying SLW on Down day is the best strategy.

Saleem