Monday, November 14, 2011

Indices down .60% to .88%, a surprising down day ?

S&P 500 went to 1247.61 @ low of the day. S&P 500 is down the most.

This weakness is extremely surprising for me, after Italy & Greece are on side.

Maybe HFT with their black box have other agenda ?

Internals are negative by 3 to 1

Oil Down $1.12

Gold Down $8.50

Canadian $ Down 64 tick @ 98.32

VIX UP 6.86% @ 32.10

Portfolio is BIDU,LVS,MS,PCLN,RVBD.....

Most stocks are down

@ 2.08 following are green :

PCLN,BIDU,LVS,RVBD,AMZN,CLF,WYNN,
APKT,MPEL,VMW,FFIV,QCOM,GOOG,CRM,
JDSU,CIEN,ARUN,FMCN,SINA,PWRD.....

JCP ER was a mixed bag, beat on Q3, but guiding down
for Q4, stocks Down 2%

BLOG does NOT give buy or sell.

Saleem

4 comments:

c said...

Saleem

I have the APPLE call at strike of $365 and expires Dec 20th cost was $39.50

was looking at MS for a buy here or more EVEP

Ideas

thanks for the feedback

Michael said...

Saleem,

This morning I heard some news in regards to Spain before I left for an early flight. Basically, they said the risk premium has reached higher. Therefore the treasury is paying higher in interest > 6%. May be this is the reason. Greece, Italy, and now Spain.

I bought LVS at 47.

Michael

Stocks100 said...

Hi C,

IF there is a rally & a breakout MS should be more than OK.....

The reason i was asking about AAPL option expiry & strike..it tends to lose $ for $ in downtrend & also gains $ for $ in Uptrend....

You have 5 weeks to see how it goes.......

Saleem

Stocks100 said...

Hi Michael,

I was hoping that we have discounted all this bond yield movements......

Hopefully, we should move higher this week....

Good luck with LVS, behaving well in a down day.

Saleem