Friday, June 17, 2011

Market is mixed on Quad-Witching option expiry.....

As most buyers are sidelined due to weakness in markets, market makers are in total control of the direction of this market.

Weak markets are like this & it MAY not change much till Mid-September.

Indices are trying to stage another technical rebound after being trashed to recent lows. Today's hurdle is Quad- witching option expiry.

BUT if you have  CONVICTION in some stocks & strong stomach, then this weakness presents a huge buying opportunity for serious gain.

Gold UP $8.10

Oil Down $2.31

Canadian $ UP 12 tick @ 101.97

VIX Down 2.99% @ 22.05

Portfolio is AAPL,CNQ,LULU,SOL,TZOO

Most stocks are UP

@ 1.12 following are RED :

AAPL,CNQ,SOL,RVBD,NFLX,FFIV,
MOS,CF,RIMM,GOOG,CMG,SOHU,
MA,V,JKS,APKT,AMCC,FNSR,SNDK,
NVDA,LVS,MPEL,CTRP,SINA,PWRD,
CCJ,FWLT....

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

SALEEM

so sorry that my APPLE is doing poorly for us

It will be stellar by September trust me!!!! LOL

LULU is sweat today--Go LULU

have a blessed day all

Stocks100 said...

Hi C,

AAPL is being pinned down due to Option Expiry also.

Monday hopefully, a more "normal TAPE"

Saleem