First it was Italian bond auction which caused selling, now US bond fetched the-lowest rate, so we go down again........
S&P 500 went to 1209.83 @ lows of the day, currently @ 1213.38. 50 DMA is 1226.27 which needs to be conquered to declare any victory for bulls.
RSI @ 46.19
Internals are negative by minimum 2 to 1
Oil Down $4.97
Gold Down $80.20
Canadian $ Down 56 tick @ 96.19
VIX UP 3.38% @ 26.27
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK.....
Most stocks are down
@ 2.38 following are green :
M,GE,PFE,V,JCP,PWRD,NYX......
BLOG does NOT give buy or sell.
Saleem
4 comments:
SALEEM
If you listen to Fast(slow) money they panned RIMM
__ Jefferies says target of $14 bad earning--Just sharing the news
C
Hi C,
As you know that, i do not buy any stock based on how CNBC feels about it......
By the way RIMM is 1 cent HIGHER after their "word of wisdom"
Saleem
Hey Saleem,
That NVLS deal is maybe just what we need for the market to gain some confidence. What a depressing week so far! (although I feel good about my current positioning)
Stocktrader
Hi Stocktrader,
We may be entering "negative news fatigue"......
YES..NVLS & LRCX should trigger positive news in market.
Hopefully we build from here.
Saleem
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