Monday, October 31, 2011

Indices down .94% to 1.24%, normal pullback after 19% run.....

Indices are down, after a huge run of 19%, this is a normal pattern.

Internals are negative by almost 3 to 1.

S&P 500 went to 1263.40 @ low of the day, IF S&P 500 close above 1274.10 which is 200 DMA, it will be a major victory for bulls. All other indices are above 200 DMA.

Oil Down 69 cents

Gold Down $22.20

Canadian $ Down 31 tick @ 100.50

VIX UP 10.23% @ 27.04, Do not like this jump?

Portfolio is LVS,JCP,POT,RVBD,TLM.....

Most stocks are down

@ 2.03 following are green :

BJRI,BWLD,OTEX,AAPL,SMN,ULTA.....

BLOG does NOT give buy or sell.

Saleem
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4 comments:

  1. stocktrader_1996October 31, 2011 at 1:42 PM

    Hey Saleem,

    Company in town today--ugly markets :(

    Stocktrader

    ReplyDelete
  2. Stocks100October 31, 2011 at 2:03 PM

    Hi Stocktrader,

    On greatest news of European fix we were UP 300+...

    On NO news we are down almost 300 ?

    Who says Wall Stret has to make sense...

    Enjoy your time with visitors.

    Saleem

    ReplyDelete
  3. cOctober 31, 2011 at 2:49 PM

    SALEEM

    good evening from the Caribbean

    Love it on the islands

    se you all when I can log in as it is spotty coverage
    on a ship!

    bad day today in the market better days will come again
    C

    ReplyDelete
  4. Stocks100October 31, 2011 at 3:09 PM

    Hi C,

    Enjoy your Carribean trip.

    HFT controls this market, hopefully they will find reason to cover their short?

    You are only allowed to gain 10 lbs on superb meals...

    Saleem

    ReplyDelete