Monday, December 19, 2011

S&P 500 lower low of 1209.41 on same old same old......

S&P 500 made lower low today of 1209.41.

Reason for market weakness, continues to be the same old European debt issues.

Oil UP 35 cents

Gold Down $1.50

Canadian $ UP 22 tick @ 96.53

VIX UP .66% @ 24.45

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

Most stocks are down

@ 2.10 following are green :

LULU,CMG,AAPL,AMZN,PCLN,AGU,V,
BWLD,CRUS,LDK,SOL.....

BLOG does NOT give buy or sell.

Saleem

7 comments:

stocktrader_1996 said...

Hey Saleem,

This market is really depressing--so many distribution days recently.

Swapped some of my ERTS (since I actually have some ZNGA now) for some more OCZ on the crazy drop today (looked to be merely a technical move during this lackluster time).

Stocktrader

Stocks100 said...

Hi Stocktrader,

Based on the difficulty of this TAPE, it is "higly prudent" to have many stocks than concentrated position.

I do not have too much faith in anything for next six months..so being strategic reduces risk somewhat.

Saleem

c said...

Stoktrader

How is it going?
I got a notice form Schwab that I would be put on permeant suspension if I trade again in less than 3 days after selling something.

If I only had a margin account in my IRA--not.
Wow
Looks like the drugs are still working I flipped PFE

Best to ya

Up said...

Saleem

I have been reduce my stock holder since this morning, but still have decent exposure. This market made me feel like selling everything and stay in cash. Seems like all of us lost confident now, maybe that is when stock shoot up

stocktrader_1996 said...

Hey Up,

It certainly feels like everyone feels hopeless right now. I can't wait to see the investor confidence numbers tomorrow night.

A Chinese policy action would do wonders for this market, but they seem content to stay the course for now...

Stocktrader

stocktrader_1996 said...

Hey c,

I've underperformed the market on many days this past week. The smaller cap/higher beta stocks in which I invest just don't have any traction right now--investor confidence is low on any stock based on growth earnings.

The 3-day rule is both constructive and frustrating. It is often restricting to what I wish to accomplish on any given day based on the fast changes in the market, but sometimes the patience required helps me focus more on longer term themes.

Stocktrader

Stocks100 said...

Hi Up,

Lower lows in markets is indicative of more weakness...

We all have to do what suits us in terms of exposure....

Saleem