Greek tragedy taking a hold on markets again, ECB is putting pressure on Greece to do MORE or ELSE........we will not "show you the money"
Low today in S&P 500 so far IS 1139.66, lower than previous low of 1140.13.....but well above recent low of 1101
Many buyers are buying the dip........
Internals are negative but Nasdaq is faring much better...
Oil UP 85 cents
Gold Down $48.40...whenever US$ goes UP it puts pressure on most commodities
Canadian $ UP 14 tick @ 100.43...it went below parity earlier.....
VIX UP 8.96% @ 41.97
Portfolio is APKT,AMZN,BIDU & PLCM.....
Most stocks are Down
@ 1.28 following are UP :
APKT,AMZN,PMCS,MU,SNDK,WYNN,LVS,
ULTA,FFIV,QCOM,MRVL,ALTR,BWLD,AMCC,
CIEN,FNSR,CRUS,ARUN.....
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem,
My MOS and BIDU are in RED, while SNDK and APKT are in GREEN. I am happy with this result in the down day. OE week just started. I am afraid more to come.
Michael
Hi Michael,
Always look @ your overall picture..IF you are GREEN...then you are way ahead....
I like the action in Semiconductors which is ignoring market noise.
Saleem
Saleem
INTC is hot today
FFIV is strong too
Oils stinks as most of what I own is red YEKS
Best to all $$$
C
Hi C,
Semiconductors are "the-HOT" sector...
Saleem
Saleem,
The market is not so scary. There are many stocks in GREEN. I think it is just OE week and HFT tried to scare everyone. Otherwise, everything would be in RED. I believe bottom is in. Thanks.
Michael
Hi Michael,
S&P 500 close & low today was encouraging again....we are staying in a range & trying to form a "strong bottom"...
Those who bought today @ open are way ahead.....
I am very comfortable with the TAPE.
Saleem
Saleem,
Thanks for your response this morning. My buys on SNDK and APKT have paid off handsomely. I did not expect APKT behaved that well. Thanks again.
Michael
Saleem
WOW AMAZ and BIDU are behaving, oh so well!!$$$
I was going to the cleaners this morning
EVEN my MMM is green
Good call on the stock market V shape direction--yeks
you were correct. Good call
Hi C,
I DO see TAPE differently than most.
Market were UP @ close..maybe a "premonition in yesterday's BLOG"
Check Sunday BLOG headline????
Saleem
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