Indices are UP in anticipation of positive action by Fed on Wed.....
S&P 500 low today was 1201.29
Internals are positive by 50%
50 DMA is 1223.72...looks like that it wants to go higher than 50 DMA....
RSI 54.55
Gold UP $23.70
Oil UP 62 cents
Canadian $ Down 20 tick @ 100.74
VIX Down 3.15% @ 31.70
Portfolio is BIDU,PMCS,RIMM,AUY
Most stocks are UP
@ 1.16 following are Down :
RIMM,BIDU,APKT,AMZN,PLCM,MRVL,SNDK,
SINA,MOS,POT,NFLX,ULTA,RVBD,NTES,MPEL,
CRM,JKS,TSL,C,CTRP,FMCN,SOHU,LDK,SOL,
CCJ,SNE,FCX,FWLT......
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
Sold about 40% of my portfolio consisting mostly of the tech stocks which have had a good run. I get the feeling that the market seems vulnerable here ahead of the Fed? I don't know, I guess we'll see what happens tomorrow, but at least I can buy back at will thanks to my new arrangement :).
Stocktrader
Hi Stocktrader,
Good luck with your next phase of buying..which you can do instantly.
Fed decision should be "very interesting"...they had two days to ponder this time.
Saleem
Saleem,
I just pick up some CLF at 70.5. It is hard to resist. I still have 30% dry powder for tomorrow.
Did you follow TCK lately? It is at LOY today at 36.22. Will that be a good buy? Thanks.
Michael
Hi Michael,
TCK..i follow closely...NO it is not a good buy...never buy any stock which has just hit 52 wk low..because buy after few weeks of basing....example...RIMM hit low few weeks back..i bought when it came close but no new low....
Base Metals are NOT working these days...as economy is slowing worldwide.....
Saleem
Saleem,
Thanks for your comment. How's about APKT? I sold it at 50.5 now it is 46s. Will that be a good buy? Thanks.
Michael
Hi Michael,
APKT & LULU are two excellent buys.
Saleem
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