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
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12 comments:

  1. cDecember 28, 2011 at 6:38 AM

    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

    ReplyDelete
  2. Stocks100December 28, 2011 at 6:59 AM

    Hi C,

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

    Saleem

    ReplyDelete
  3. Stocks100December 28, 2011 at 6:59 AM

    Hi C,

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

    Saleem

    ReplyDelete
  4. stocktrader_1996December 28, 2011 at 9:22 AM

    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

    ReplyDelete
  5. Stocks100December 28, 2011 at 9:31 AM

    Hi Stocktrader,

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

    Saleem

    ReplyDelete
  6. cDecember 28, 2011 at 9:42 AM

    SALEEM

    what happened to the market
    I step out and , ouch

    Thanks

    ReplyDelete
  7. Stocks100December 28, 2011 at 9:50 AM

    Hi C,

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

    Saleem

    ReplyDelete
  8. stocktrader_1996December 28, 2011 at 10:05 AM

    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

    ReplyDelete
  9. cDecember 28, 2011 at 10:26 AM

    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

    ReplyDelete
  10. Stocks100December 28, 2011 at 10:28 AM

    Hi C,

    Thanks for listing your high weighting.

    Saleem

    ReplyDelete
  11. cDecember 28, 2011 at 10:33 AM

    SALEEM

    Thanks for all you do for us

    And I will not step out again
    :)

    C

    ReplyDelete
  12. Stocks100December 28, 2011 at 10:36 AM

    Hi C,

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

    Saleem

    ReplyDelete