Dow is green, while Nasdaq is down 2.13%...
S&P 500 @ 1144.....
Internals are positive in NYSE & Negative in Nasdaq
IF i have to guess, it is all about Weekly Option Expiry which expires on Friday....
Nasdaq stocks are taking on the chin & in deep red....
Oil UP $1.20
Gold Down 20 cents
Canadian $ Down 15 tick @ 96.53
VIX UP .22%@ 41.17..real surprise when Nasdaq is so weak ?
In my portfolio :
Sold BIDU
Sold AMZN
Sold PMCS
Portfolio is LULU,MU,RIMM,AUY
MU reports AH, expectations are Sales $2.14 billion & EPS of 2 cents ..expectations for next Q is Sales $2.28 Billion & EPS of 9 cents....
Most stocks are Down
@ 2.16 following are green :
GLD,SLV,IBN,KGC,BAC,C....
BLOG does NOT give buy or sell.
Saleem
4 comments:
S
V best of luck on your MU'
I bought some AAPL options --deep in the money calls
Lets see if that works for me..
BIDU and AMAZON hurt me bad!! boo Hoo
Smile --one tough market
Good luck to all
Hi C,
Market is BRUTAL..we are all suffering.
Saleem
Hey Saleem,
The market did not close as bad as I feared although selling at open saved me money on all stocks. I'm not sure what to make of tomorrow. I imagine they will try to sell off the high beta stocks again and the subsequent reaction should tell us the future direction of the market.
Stocktrader
Hi Stocktrader,
You were wise to sell @ open...majority of stocks turned south after open.
This market is tough to predict.
Saleem
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