Monday, May 2, 2011

Indices Mixed after initial euphoria......

There was euphoria set after Bin Laden death. But market usually sells off on non-economic event.Remember Saddam capture euphoria @ open & then profit taking. It helps in trading, to know the history of non-economic events.

Currently Dow & S&P 500 is in green which confirms that this market is not ready to rollover.

Internals are negative with weakness in Nasdaq.

Gold Down $5.20

Oil Down 46 cents

Canadian $ Down 49 tick @ 105.34

VIX UP 6.98% @ 15.78

In my portfolio :

Sold APKT @ open on euphoria

Bought SINA @ $135.36

Portfolio is LULU,POT,SINA.....

Most stocks are Down

@ 1.28 following are Green :

SINA,POT,BIDU,AMZN,PCLN,CMG,GS,
QCOM,BWLD,MA,V,M,SU,LVS,TCK,
BAC,NFLX,IGTE,ASIA,FMCN,RCI,
CCJ,JRCC,NTES,MFC,NYX,ISRG,
SNE,FWLT.....

BLOG does NOT give buy or sell.

Saleem
at

4 comments:

  1. stocktrader_1996May 2, 2011 at 10:57 AM

    Hey Saleem,

    You're playing APKT like a fiddle--nice job! I got a pleasant surprise this morning with the ICO buyout after having added to my position just last week :).

    Are you thinking of buying APKT back now given the intraday selloff?

    Thanks!

    Stocktrader

    ReplyDelete
  2. Stocks100May 2, 2011 at 11:16 AM

    Hi Stocktrader,

    APKT is extremely volatile..so i play accordiongly.....currently, i have other stocks as my next trade...

    ICO i had many years ago..i lost money .....great return in ICO !!!!

    Saleem

    ReplyDelete
  3. cMay 2, 2011 at 12:58 PM

    S

    Congradulations on selling APKT

    Timing is everything :)

    Now we both own POT, LULU and I got the weakling
    BIDU

    SINA has been on a rocket ride. Was up $5 smackers today! Volatile
    VFC closed red as did most of my stocks

    ReplyDelete
  4. Stocks100May 2, 2011 at 1:47 PM

    Hi C,

    Thanks for your feedback.

    Today most stocks are down..including 3 i own.

    Hopefully..we see green on Tuesday.

    Saleem

    ReplyDelete