Tuesday, January 10, 2012

Indices UP .55% to .91%....NICE !!!!!

Indices are UP from opening bell, based on Chinese Trade Data. Optimism about upcoming earning reports are also playing a role in green TAPE.

Internals are positive by minimum 3 to 1.

New 52 wk highs are also in the lead, 151 in NYSE & 92 in Nasdaq.

S&P 500 high today is 1296.46, RSI 63.48

Gold UP $24.60

Oil UP $1.31

Canadian $ UP 70 tick @ 98.37

VIX Down 2.33% @ 20.58

In my portfolio :

Sold FIO

Sold M

Sold 33% RIMM

Bought CMG @ $340.71

Bought COH @ $61.82

Portfolio is AMZN,CMG,COH,LVS,RIMM,RVBD

Here is my $ weighting real time :

CMG 22.52%

AMZN 21.98%

RIMM 17.31%

LVS 16.95%

RVBD 12.25%

COH 8.99%

Market exposure 116%

Most stocks are UP

@ 2.15 following are Down :

CMG,COH,RVBD,OCZ,FIO,SNDK,FFIV,GOOG,
JCP,V,JDSU,CIEN,FNSR,OTEX,ULTA,AMCC,
EGO.....

BLOG does NOT give buy or sell.

Saleem
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12 comments:

  1. stocktrader_1996January 10, 2012 at 11:29 AM

    Hey Saleem,

    I like the COH buy on the TIF-related weakness :).

    Stocktrader

    ReplyDelete
  2. Stocks100January 10, 2012 at 11:32 AM

    Hi Stocktrader,

    IF COH can do what LULU did , i will be a happy person.

    What the hell happened to FIO?

    Saleem

    ReplyDelete
  3. stocktrader_1996January 10, 2012 at 11:34 AM

    14:23 EDT OCZ, MRVL, FIO

    theflyonthewall.com:

    OCZ Technology in the IBM agreement though Marvell, says Craig-Hallum

    Subscribe for More Information :theflyonthewall.com

    ^ This information is provided for free.

    ReplyDelete
  4. cJanuary 10, 2012 at 11:37 AM

    Saleemm
    COH is one of my Fav's

    see this
    Coach (COH) Breaks Through Support at $62.09
    1 hours 8 minutes ago - Financial News Network Online - Pivot Alerts
    Coach (NYSE:COH) has opened bearishly below the pivot of $62.86 today and has reached the first level of support at $62.09. Should the shares continue to fall, the support pivots of $61.31 and $59.76 will be of interest.

    best of luck another good pick
    C

    ReplyDelete
  5. Stocks100January 10, 2012 at 11:39 AM

    Hi Stoktrader,

    Thanks for the news....

    MRVL OCZ news came 2 days before ER......

    Saleem

    ReplyDelete
  6. Stocks100January 10, 2012 at 11:39 AM

    Hi C,

    I am buying COH on technical support @ 50 DMA.....

    Saleem

    ReplyDelete
  7. stocktrader_1996January 10, 2012 at 11:43 AM

    Hey Saleem,

    The way OCZ addressed the MRVL relationship on the CC was that MRVL would be getting OCZ in the door with MRVL's clients. The IBM deal is apparently a client win based on the OCZ-MRVL relationship already.

    Stocktrader

    ReplyDelete
  8. Stocks100January 10, 2012 at 11:46 AM

    Hi Stocktrader,

    On OCZ board, there is a news item which says that FIO is being hit..because OCZ is going to get FACEBOOK contract @ CES...that will be HUGE...

    Saleem

    ReplyDelete
  9. cJanuary 10, 2012 at 12:13 PM

    SALEEM

    why does Amazon jump so much??

    Best regards
    C

    ReplyDelete
  10. Stocks100January 10, 2012 at 12:17 PM

    Hi C,

    AMZN is trying to discount all the competitive pressure.

    Once it has formed a solid base...UP we go...hopefully.

    Saleem

    ReplyDelete
  11. cJanuary 10, 2012 at 12:24 PM

    SALEEM

    as always good feedback!!!!!!!!

    and you made some excellent buys today
    WOW

    Any thoughts on TNH??

    C

    ReplyDelete
  12. Stocks100January 10, 2012 at 12:28 PM

    Hi C,

    TNH is having a high volume reversal..which is not a good thing.

    Also RSI is high..now 71.37....

    Saleem

    ReplyDelete