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

4 comments:

stocktrader_1996 said...

Hey Saleem,

Company in town today--ugly markets :(

Stocktrader

Stocks100 said...

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

c said...

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

Stocks100 said...

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