After four weeks of selling, indices were green @ close.Volume was lower...NOT a good indicator....on technical bounce / short covering day ?
Internals were slightly negative.
52 wk lows expanded their lead in both NYSE & Nasdaq
VIX closed @ 42.44..stubbornly high ?
Stocks which were UP 2% or more included VXX,AUY,GG,
GLD,APKT,SLW,AG,TZOO,ALTR,BWLD.....
CNBC pundits are as confused about market as rest of us.
Jimmy the Cramer has a list of 10 things to happen before market will rally.This is an expanded list from last time of 7......IF we accomplish all 10 things then this market will be 3,000 Dow points higher in new high territory....???
Bottom line is... that this market has many sellers but few buyers, thus downward pressure is ON......
AH Futures UP
AH Asian Markets Mixed
AH Oil,Gold & Silver UP
BLOG does NOT give buy or sell.
Saleem
10 comments:
S
J Cramer love TZOO--I am so in the red with my shares!
I am trading BIDU got some at $128.50
My IVR and NLY are hurting me --but DIVI is nice
Please fell well and keep me posted
I just love your blog!!
Hi C,
Thanks for your feedback.
I will be in hospital from 1045 AM...Echo Cardiagram is scheduled for 11.15 AM....then Thyroid blood test...then will come home....
I am hoping to post closing comments...BUT IF i am home early then late first analysis.
Hopefully soon, market may find its footing.
Good luck with all your position.
Saleem
Hey Saleem,
Good luck with the testing today.
Stocktrader
Hi Stocktrader,
Thanks !!!
Saleem
S
I got skinned good but
I sold TZOO and FCX today!
Holding RVBD and FFIV I guess I like the pain
Smile
C
Hey guys,
My money from selling Friday becomes available tomorrow--hopefully this market can stay contained until then--lots of great companies on sale right now! :)
Stocktrader
Stocktrader
You bet that their are some good stocks on sale
Sold my BIDU to soon
SINA is tasty here
I am hoping for another dip in APPLE to buy more shares
AUY is down to $15.25 --seems like a good price with GOLD climbing ever higher
Good luck in decisions
Hey c,
I'm done with gold for a while--it needs a big rest! :)
As for my picks, many of them are up 5+% today which is disappointing, but I'm still excited to buy them--hopefully we get a gap down tomorrow on some Europe stuff.
Stocktrader
Stcoktrader
Look at CAT and SINA and T should pay you while it goes back to $32.
just some thoughts
Hey c,
Thanks for the ideas. Like Saleem, I watch about 30-35 stocks carefully and usually pick from those, although I continue to add/rotate stocks.
I considered CAT for what I think might be an upcoming infrastructure stimulus bill, but the last quarter/guidance still bothers me. I think they might continue to see struggles in emerging markets/China from domestic companies. None of that will matter in the short run if the market rallies, but I still want to stick with stocks that beat/raised last quarter.
As for dividend stocks (T), I tend to have a holding period less than three months, so the small dividend I would get tends to not be a factor. I'm more of a growth investor in general.
SINA is interesting here, but I fear the competitive landscape in internet China is changing, and I'm not smart enough to pick the new outperformers. I also have a lot of Chinese exposure in some super small caps as well as general commodity/growth exposure, so I don't feel the need to reach for a high PE stock like SINA, especially with estimates shrinking somewhat.
The market remains challenging--good luck and thanks for the support! :)
Stocktrader
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