Wednesday, February 22, 2012

Indices down .06% to .26%......

Indices are on hold for better economic news.

Internals are negative, close to 2 to 1 on the downside.

Oil Down 41 cents

Gold UP $12.70

Canadian $ Down 24 tick @ 100.04

VIX Down 1.1% @ 17.99

Portfolio is AMZN,CNQ,RIMM,RVBD

Most stocks are down :

@ 2.10 following are green :

CNQ,OTEX,LVS,CMG,FCX,TCK,LULU,
COH,SU,CF,MOS,GG,AUY,SLW,NTES,
VMW,FFIV,BIDU,MA,V,JCP,M,SCCO,
AEM,NYX,KOG,AGU.....

BLOG does NOT give buy or sell.

Saleem
at

3 comments:

  1. stocktrader_1996February 22, 2012 at 2:44 PM

    Hey Saleem,

    CLF has had 9 straight down days--pretty incredible!

    Stocktrader

    ReplyDelete
  2. Stocks100February 22, 2012 at 2:52 PM

    Hi Stocktrader,

    CLF chart is looking very ugly....RSI @ 33.98...first support $64.90..then $63 then $62 looks like strong support....

    I do not understand why its not participating in base metal rally?

    CLF is only few cents off from your purchase price......

    Hopefully it will turnaround here.

    Saleem

    ReplyDelete
  3. stocktrader_1996February 22, 2012 at 3:17 PM

    Hey Saleem,

    I am quite comfortable with the holding. This particular action seems like a lower volume retest of the post-earnings lows, which can precede an up move if the bottom holds.

    Stocktrader

    ReplyDelete