Friday, July 29, 2011

Market waiting for "resolution of debt fiasco"........

So here we are @ 2.45 PM & no resolution of debt mess.....

I do not see anything being resolved until Sunday around 4 PM,
when Asian markets will open.

Republican grand scheme will be rejected by Democrats, then
they will go for real compromise. In the meantime it is all "showtime",No substance all words....

Oil Down $1.65

Gold UP $11.10

Canadian $ Down 68 tick @ 104.66

VIX UP 5.14% @ 24.96

In my portfolio :

Bought AAPL @ $384.90

Bought BIDU @ $153.10

Portfolio is  AAPL,AMZN,BIDU,FFIV,LULU,RVBD

100% exposure

Internals are negative..

New 52 wk lows are hitting 204 in NYSE & 101 in Nasdaq

Most stocks are Down....

@ 2.55 following are Green :

AMZN,AAPL,APKT,MOS,LVS,MPEL,CMG,QCOM,
PCLN,IBN,SNDK,C,JASO,STP,ARUN,SOHU,LDK,
PWRD,NDAQ,GS,VAR......

BLOG does NOT give buy or sell.

Next post by 8 PM on Sunday.

Saleem

4 comments:

Michael said...

Saleem,

Have a nice weekend! I will read your report on Sunday. Hoping for the best. Thanks for your dedicated time to help us.

Michael

Stocks100 said...

Hi Michael,

Thanks for your appreciative note.

Hopefully by 8 PM Sunday we may have more clarity in debt compromise.

Enjoy your weekend.

Saleem

c said...

SALEEM

It is 95% in DC

we be hot

Looking for a Political settlement,,,,,

have a good Sunday
C

Stocks100 said...

Hi C,

Let us hope that politicians come to their senses.....

Saleem