Tuesday, December 27, 2011

Indices closed mixed on tax loss selling.....

Today was the last day to book loss or gain for most traders, only mutual funds can play around with this deadline.

All indices did go to higher highs, but Dow closed slightly lower.

S&P 500 & Nasdaq closed green.

Internals of the market were mixed.

New 52 wk highs were in the lead with 200 in NYSE & 56 in Nasdaq

S&P 500 closed @ 1265.43, high today was 1269.37. RSI 58.95

This is the-most stability i have seen in S&P 500, maybe sign of good things to come.

VIX closed UP 5.69% @ 21.91

Oil closed UP @ $101.34

Gold closed Down @ $1595.50

Stocks which closed UP 1% or more included RIMM,LULU,LVS,
CMG,WYNN,VMW,MPEL,CRM,GOOG,BWLD,FNSR,WWWW.

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

BLOG does NOT give buy or sell.

PS...IF visitors to the BLOG can post their weighting of stocks of entire portfolio, that will help many who may consider evaluating for buying purposes. Even those traders who replace many stocks next day.No portfolio is good or bad, its the year end performance which matters.

Saleem

12 comments:

c said...

Saleem
40% here is DC

Looking red for today

Gosh
AAPL is so on fire!!!

My APKT is week today I thought that LVS would pop some more

Oh Well
C

Stocks100 said...

Hi C,

What we think & what happens may not match on most days.

Saleem

Stocks100 said...

Hi C,

What we think & what happens may not match on most days.

Saleem

stocktrader_1996 said...

Hey Saleem,

I've been thinking for a few days about raising my WWWW exposure to near 25% of the portfolio, but I just don't think I can be that concentrated despite my high conviction in the stock (and the recent huge rally doesn't help).

What are your thoughts on this?

Stocktrader

Stocks100 said...

Hi Stocktrader,

WWWW had a major breakout..so i say go for it....looks ready for $15...

Saleem

c said...

SALEEM

what happened to the market
I step out and , ouch

Thanks

Stocks100 said...

Hi C,

You should NEVER leave.....now i know what happened?

Saleem

stocktrader_1996 said...

Hey Saleem,

I've never had a stock this high to begin with much less making it more, especially one that's as small cap as WWWW. I am cautious in making this move for sure, but I will consider your suggestion and think further on it.

Thanks! :)

Stocktrader

c said...

SALEEM

I like the fact the BIDU is holding green, whops red now

Showing strength here

My T 12% portfolio is going up!
SCCO 10% is holding--copper
KMP 10% is way strong
PFE 20% is losing steam --but drugs will make it in 2012

thats it for me, for now
with the rest of my positions less than 10%
BIDU
LVS
GNK
AUY
IVR, TOT, MO are larger positions more than 10%

C

Stocks100 said...

Hi C,

Thanks for listing your high weighting.

Saleem

c said...

SALEEM

Thanks for all you do for us

And I will not step out again
:)

C

Stocks100 said...

Hi C,

Since you came back, market is behaving now & has improved.

Saleem