Thursday, March 22, 2012

Chinese & German manufacturing slump taking a toll in market....

US jobless claims hitting 4 year lows & LEI came in better than expected, but German & Chinese manufacturing data are below expectations. As US is # 1 economy, US Data should have offset European & Chinese weakness, but not today so far.

Indices are down .34% to .68%

S&P 500 low today is 1388.95 which is a correction of 25.05 or 1.77% from intraday 2012 high of 1414.00......

Internals are negative by almost 3 to 1

Oil Down $2.58

Gold Down $13.80

Canadian $ Down 72 tick @ 100.06

VIX UP 4.96% @ 15.88...not as high as it could have been......good for equity....

Portfolio is AMZN,CNQ,LEN,MS,OTEX,RIMM,RVBD...

Most stocks are down

@ 1.50 following are green :

AMZN,RVBD,LULU,BIDU,PCLN,LVS,
CMG,GOOG,BWLD,NTES,FFIV,MA,
V,TSL,SBUX,BJRI.....

BLOG does NOT give buy or sell.

Saleem

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