Thursday, June 23, 2011

Indices Down .50% to 1.31% on Oil slump.......

Indices are down as Oil is taking a huge beating as US is releasing oil from its Strategic Reserve. This is a clear sign that US wants Oil to come down FAST as it will speed up economic recovery.

Internals are 4 to 1 on the downside.

Technically, we did not violate anything...today still higher low.Most stocks have "turned UP".....

Oil Down $4.38

Gold Down $33.70

Canadian $ Down 74 tick @ 101.93

VIX UP 11.66% @ 20.68

Portfolio is AAPL,ATML,CNQ,LULU,SOL,SVM,TZOO

Most stocks are Down

@ 12.49 following are Green :

AAPL,ATML,LULU,SOL,TZOO,SINA,BIDU,
PLCM,CMG,BWLD,NFLX,RVBD,RIMM,
PCLN,APKT....

BLOG does NOT give buy or sell.

Saleem
at

4 comments:

  1. cJune 23, 2011 at 10:44 AM

    S

    Looking good for a stock recovery

    I do NOT understand why we release oil now form strategic reserve??

    Politics is at play?

    It is raining a little here no paint in the rain

    best to all

    ReplyDelete
  2. Stocks100June 23, 2011 at 11:56 AM

    Hi C,

    Oil is being released to boost economic recovery in US..YES it should work.

    Gasoline is becoming a major "game changer" for lifestyle.

    Saleem

    ReplyDelete
  3. cJune 23, 2011 at 1:41 PM

    SALEEM

    Your conviction in LULU is to be commended

    WOW up again--I so ready to sell

    thanks for the support

    Best to all

    ReplyDelete
  4. Stocks100June 23, 2011 at 1:57 PM

    Hi C,

    Thanks for your feedback.

    LULU is the only stock..which made all time high 2 days ago...can we luck into anything better.

    Saleem

    ReplyDelete