Indices were under the influence of Europe @ open, S&P / Dow were red while Nasdaq was barely green @ its low.
BUT..Fed made a promise it intends to keep, lowest interest rates till end of 2014.....stocks liked that & we are UP nicely in all index.
S&P 500 high so far is $1324.56
Internals are positive.
Oil UP 81 cents
Gold UP $37
Canadian $ UP 41 tick @ 99.47
VIX Down 2.96% @ 18.35
Portfolio is AMZN,CLF,RIMM,RVBD
Most stocks are UP
@ 2.15 following are down :
AMZN,CNQ,MGA,FIO,GOOG,M,
NTES,VMW,FFIV,V,TSL,JCP,MS
APKT,MU,VECO,CIEN,ARUN,
GS,IBN.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
I got the lockout fixed--was a glitch with their online system that didn't recognize the FIFO methodology of selling stocks (note my RVBD sells yesterday). They say my buying power should be fixed tomorrow--I hope so...:)
As for the Fed, I was pretty disappointed with the initial statement (no mention of good data, rates too low for too long), but the individual members' detailed data that came out later helped my understanding of their thinking quite a lot. My newest determination of today's information is that the economy is in good hands with the Fed for the forseeable future (which is pretty much what we feel after every Fed meeting!).
For now, I'm still very comfortable with my portfolio even with the spectre of a pullback at any time...
Stocktrader
Hi Stocktrader,
I am glad everything will be fixed for Thursday trading.
Fed is mangaing economy in a masterful manner...not an easy task for worlds biggest economy.
I think market is getting heated up & pullback is overdue......
I am more than comfortable with my 85% exposure...considering RSI of my portfolio......some hot some cold.
Saleem
Saleem
Copper was HOT today
Yes Nice POP
Nice FED action --good for us
C
Hi C,
Your SCCO had a nice turnaround.
Saleem
SALEEM
If you were me
would you take the 13% profit in SCCO
Or would you wait for more upswing
thanks
C
Hi C,
I will sell SCCO for $38, based on RSI.
Saleem
Saleem
thank you
C
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