Friday, February 3, 2012

Strong close on key economic data......NICE !!!!

Market were all set to go after strong Jobs data.

@ close indices were UP 1.23% to 1.61%

Internals were :

UP volume led by 6.30 to 1 in NYSE & 5.28 to 1 in Nasdaq

Advancing stocks led by 3.67 to 1 in NYSE & 4.02 to 1 in Nasdaq

New 52 wk highs were in the lead, 299 in NYSE & 256 in Nasdaq

VIX closed @ 17.10

Oil UP @ $97.83

Gold Down @ $1728.70

Canadian $ UP 40 tick @ 45 tick above US$

In my portfolio :

Bought RIMM @ $16.87

Portfolio is AMZN,CNQ,RIMM,RVBD

Here is my weighting :

AMZN 31.11%

RVBD 26.81%

CNQ 21.51%

RIMM 20.57%

Exposure 94%

Stocks which were UP $ or more included AMZN,RVBD,
CMG,GOOG,CLF,COH,TCK,LULU,AAPL,AGU,GSVC,
SNDK,PCLN,VMW,FFIV,BIDU,CRM,APKT,MA,FNSR,
C,OCZ.....

Next post by 2 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hey Saleem,

Here's my current portfolio:

WWWW - 16.0%
OCZ - 12.1%
CF - 11.8%
GLNG - 11.1%
GHDX - 9.7%
LEN - 9.1%
AAPL - 9.0%
TZA - 8.5%
SWC - 6.4%
GWMGF - 4.0%
APWC - 2.3%
(cash) - 0.02%

I'm not sure that TZA has a place in the portfolio, but I'm stuck in it until Monday and it might be nice for this weekend at least. I am looking to rebuy WPRT, APKT, and MET at some point, but I'm not sure where there is room. SWC might just be a sneaky consumer play as palladium goes into cars and platinum is for jewelry--I will try to add more as price/cash permits.

The data today tells me that the US recovery is too far entrenched to be derailed now. Also, stock moves like APKT's tell me that investors are willing to wait for their returns if a good story is in place (which APKT has still). I expect rolling market up moves with different stocks rotating to be the 52-wk highs on a daily basis. These thoughts will guide my transactions in the future.

Have a great weekend! :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

TZA may have been premature in hindsight only.

Market has been rotating many stocks for a while now.....out for 3 days back in favour for 2 days.....

Market is smarter than everybody in this temporary planet..so we all take a cue & adapt.

Enjoy your weekend !!!!!

Saleem