Indices are marking time to hear what Fed has to say about US economy.
Internals are mixed with Nasdaq being negative.
S&P 500 high today is 1322.28, which is a higher high.
RSI 68.01
Oil UP $1.52
Gold UP $12.70
Canadian $ UP 47 tick @ 99.19
VIX UP 3.99% @ 19.01
In my portfolio :
Added 36% RIMM @ $15.90, RIMM becomes my 2nd largest position after AMZN.
RIMM announced Change of CEO, while ex CEO are moved to being a board member of RIMM. Mike Laziridis ex CEO & Founder of RIMM is now Vice- Chairman of Board heading a committee of INNOVATION......
RIMM is expected to earn $2.94 ending Feb 2013, current Q it is expected to earn 84 cents & 70 cents next Q......RIMM is trading @ 5.39 PE.......IF you read all the negativity, you would think that RIMM is losing money every Q....power of media / analysts is obvious.........
Portfolio is AMZN,CNQ,CLF,RIMM,RVBD
Most stocks are UP
@ 2.00 following are down :
RIMM,RVBD,AMZN,COH,GOOG,M,
SNDK,MOS,VMW,FFIV,BWLD,MA,
V,APKT,TSL,JCP,MS,BRCM,VECO,
CIEN,JDSU,FNSR,ARUN,OCZ,FIO,
SBUX,GS.....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI'm getting a bad feeling about the market in the near term similar to what you suggested this weekend. I think I may lighten up into close.
Stocktrader
Hi Stocktrader,
ReplyDeleteI am in full agreement with you.
My day to act is Tuesday after Fed statement.
You do what feels right & time it @ your comfort level.
Saleem
HELLO all
ReplyDeletethe market is turning green
But IMHO we are week here and I agree the market is looking toppy
I am lightening up!!
thanks for all your inputs
Sold CNQ......
ReplyDeleteSaleem
Hey Saleem,
ReplyDeleteSold about half of WWWW, all of MET, and all of APKT.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood move in booking profit.
We can always buy it back later...hopefully @ lower prices.
Saleem
Hello all
ReplyDeleteSold GE, and CNQ too
C