2011 is in history book.......

2011 just ended with the following statistics to ponder :

Dow UP 5.5%

S&P 500 unchanged

Nasdaq Down 1.8%

Gold UP 10%, UP 11 years in a row

Silver UP 9.8%

Crude Oil UP 8.2%

Copper Down 23%

EEM Down 20% ( Emerging Markets)

VIX UP 31.8% (Fear Index)

US$ Index UP 1.3%

It is NOT 2011, we have to worry now, its history.

We all had good, bad & ugly in our portfolio.

Now the question is about 2012, what will it be ?

Based on how we closed today, does not offer much hope.

We all are trying to convince our self that, this is low volume & does NOT give an accurate picture. From Tuesday on will be real deal.

I have a "strange feeling" that Tuesday onwards will be a continuation of where we left off today.

In case we have forgotten, we are @ the "top end" of our trading range, a journey towards 1200 can come very quickly.

S&P 500 closed below 200 DMA today......

CMF is negative in all indices & getting steeper.

S&P 500 & Dow is forming Head & Shoulder pattern in Daily, which is never a good sign.

The only bright spot is Dow, which is 12.28 points away from forming a "golden cross"

What i have done is lightened UP considerably today, reducing my exposure by 43% in two day's. I have booked profit in all three trades.

Sold CNQ, LULU

Sold 75% RIMM

Portfolio is LVS,M,RIMM,RVBD,SNDK.....

Here is my $ weighting as of tonight :

SNDK 27.72%

LVS 21.06%

RIMM 20.42%

M 17.22%

RVBD 13.58%

I am doing my individual read on the market, which may be totally incorrect. I still have 96.5% of my neutral mode exposure.When i am super bullish, i increase my exposure.

Please do your OWN analysis of this market & your OWN read of the stocks you OWN.

PS.....Next BLOG posting will be on Tuesday Jan 3rd, 2012 around 2 PM.

Have a Happy & prosperous 2012.

BLOG does NOT give buy or sell.

Saleem