Wednesday, August 17, 2011

S&P 500 & Dow closed UP, Nasdaq Down......Mixed day in market....Not Bad !!!!

Dow & S&P 500 closed UP, while Nasdaq was weak.

Internals were mixed.

AH ER were greeted as follows :

NTAP Down 12.51%

JDSU Down 2.47%

SINA UP 5.49%

NTES UP 4.16%

Market has been tough to make money & IF you are in weak stocks then loss is steep.You need to book quick profit in this UP / DOWN markets.

Here is a list of stocks which i closely monitor, Here is how they have performed since market lows vs as of tonight's close:

LVS UP 22.75%
AUY UP 22.30%
LULU UP 11.47%
CNQ UP 11.19%
APKT UP 10.98%
FFIV UP 10.89%
PLCM UP 10.73%
RVBD UP 8.79%
CAT UP 8.41%
AAPL UP 7.76%
BIDU UP 7.20%
PCLN UP 6.01%
NFLX UP 4.85%
AMZN UP 3.09%

This list is very interesting for those who have different style of investing or trading.IF you were an investor & had picked top 2, then all this gyration in markets meant nothing.Even IF you had picked last 2, you will still be positive from the lows.

Above list also illustrates that strong stocks DO outperform, which may not be obvious when there is so much noise in CNBC.

AH Futures Down

AH Asian Markets Down

AH Gold Silver & Oil Down

BLOG does NOT give buy or sell.

Saleem

8 comments:

c said...

GOOD morning to you Saleem

I own many of those stocks that you write about

I am wondering if APPLE is breaking down with the tech stocks and if so if I should sell my shares

As for CAT FFIV and etc. I am deep in the red

unfortunately, or sadly
the market down turn really caught me snoozing this time
I did not see this sharp of a decline coming, IMHO by the end of the 4 quarter we should be back on top??

all thoughts appreciated sell apple and buy back lower or hold em?
Best to all

Stocks100 said...

HI C,

Do NOT sell AAPL...

Always sell weak stocks.

Saleem

c said...

Saleem

thanks

Any test result yet
plz relax as this market if very tought to figure out --at least for me it is

Stocks100 said...

Hi C,

Still waiting for an appointment, called yesterday to enquire but they are still working on it.

YES...tough is the word..for a while now.

Saleem

Bert said...

So how do you handle stop losses? RVBD dropped 14% and lulu dropped 6% are you selling them or just holding on? when do you say it is enough? Just wanting to know how you think on these things?

Stocks100 said...

Hi Bert,

RVBD & LULU are my trade until i make money....so there is conviction in these two stocks.

They are down on market driven forces...LULU & RVBD are high beta stocks.....

RVBD is down because NTAP is guiding lower in same sector....check FFIV,APKT,ARUN for tape action....

Saleem

stocktrader_1996 said...

Hey Saleem,

Crazy tough market...

Bought some ACI yesterday and have gotten chopped up by over 10% in just 24 hours! Luckily, I kept the UGL and QID in full so today is highly profitable, but I still hate seeing confidence all around me erode :(.

I'm looking to get less short tomorrow morning probably.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Strongly recommend booking profit in short & gold...never fight for last $......

Deploy funds in beaten down sectors.

Saleem