Indices are down in anticipation of EU meeting.
Economic indicators were weak today in US.
S&P 500 low today is 1233.02, pretty close to 1225 support area.
Internals are negative 3 to 1.....
RSI @ 58.50
Oil UP $2.21
Gold UP $47.50
Canadian $ Down 98 tick @ 98.64 on reduced projection of GDP growth of 2.2% for 2011.
VIX UP 5.67% @ 30.92
In my portfolio :
Covered all my short position......
0 exposure so far
Most stocks are Down
@ 2.33 following are green :
SMN,QID,AUY,GG,SLW,BWLD,
CCJ,ABX,AEM,KGC.....
BLOG does NOT give buy or sell.
Saleem
15 comments:
Hey Saleem,
Fantastic timing on the shorts.
Any thoughts on AMZN after the close? It just seems like down 10 pts makes it a much better post-earnings proposition on a stock I already like. I'm thinking about doing a swap out of something...
Stocktrader
Hi Stocktrader,
AMZN ER should have better guidance as it is busy season for Q4.....
I say it is a strong buy $$$$
Saleem
Saleem,
Great call! Covered the short and waiting for tomorrow. Thanks.
Michael
Hi Michael,
I went long in JCP & LVS.....
Saleem
Hey Saleem,
I took a wait-and-see on AMZN. The chart setup, put/call activity, and market sentiment toward high PE stocks all bother me. Maybe I'll get a chance if it gaps down tomorrow?
Stocktrader
Hi Stocktrader,
Good idea to be 100% comfortable.
Saleem
Saleem,
I followed your suit and bought LVS @42.01.
Michael
Hi Michael,
Your price beats mine by 29 cents per share...me $42.30...
Good luck $$$$$
Saleem
Hey Guys
LVS is a hot one
Good buy--
I got some EVEP and SCCO
EVEP is my shale play! :)
I to closed my QID--short play
AMAZON is a real dicey buy here! they are claiming the Kindle is killing AMZN
NICE. ..Day Trading...:)
C
Hi C,
Good luck with your repeat buys of fav stocks.
Saleem
Hi guys
Amazon blow up, lesson learned. Never bet on earning, it is a 50/50 chance of winning, might as well going to casino.
Hi Up,
AMZN has recovered $9 from AH low.
Saleem
Saleem,
Do you think it is a good idea to get some AMZN or wait for tomorrow morning since there might be some downgrades coming
Saleem,
That will be my question as well. Since holiday season will start to kick in, it is good time to get some AMZN. Thanks.
Michael
Hi Up & Michael,
AMZN is a very good buy in AH.
Big funds supports AMZN...so downgrades only last half day.
AMZN should open HIGHER than AH prices.....
Saleem
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