Friday, February 24, 2012

All indices made new multi year high.....NICE !!!!

Indices were facing mixed economic report in US, still all indices made a multi year high today.

S&P 500 closed @ 1365.74, new high point today was 1368.92

Internals were mostly positive.

New 52 wk highs were in the lead, 157 new highs in NYSE & 101 in Nasdaq.

Oil closed @ $109.77

Gold closed @ $1776.40

VIX closed @ 17.31

Portfolio is AMZN,CNQ,RIMM,RVBD....

Stocks which were UP $ or more included WYNN,COH,AAPL,WPRT,
CLF,GOOG,PCLN,CRM,
NTES,BIDU,MA,V....

Next post by 2 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hey Saleem,

Current portfolio is as follows:

KOG - 11.3%
SWC - 10.5%
CF - 9.6%
APKT - 9.3%
GHDX - 9.2%
CLF - 9.1%
GLNG - 9.0%
MS - 8.8%
LEN - 8.8%
WPRT - 8.8%
GWMGF - 3.3%
APWC - 2.3%

The only change I made this week was swapping MU for WPRT. I considered some selling all week due to high oil prices, but I felt so far the gradual rise could be absorbed.

Have a great weekend! :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

I like your approach of 12 stocks, that gives good diversification.

Also it turned out to be a smart idea to benefit from rotating strength.

Market is going higher in a sustained manner.

Saleem

Anonymous said...

Hi guys.

Trimmed a little off of AAPL today and also purchased some call options on TZA. I'm off for a week in Mexico, GLTA.

Victor

Stocks100 said...

Hi Victor,

Enjoy your trip in Mexico.

Good luck with your strategy.

Saleem