Friday, March 2, 2012

Indices closed down .02% to .43%......

Indices closed down, as energy stocks came under pressure. Today was also weekly option expiry.

Internals were :

Down volume led by 1.71 to 1 in NYSE & 1.63 to 1 in Nasdaq

Declining stocks led by 2.03 to 1 in NYSE & 2.44 to 1 in Nasdaq

New 52 wk highs were in the lead, 108 in NYSE & 72 in Nasdaq

Oil closed down @ $106.50

Gold closed down @ $1712.40

Canadian $ closed down 39 tick @ 101.12

VIX closed UP a whopping .03 tick or UP .17% @ 17.29?????

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

Stocks which closed UP 1% or more included RIMM,
PCLN,FIO,BIDU,WYNN.....

Next post by 2 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hey Saleem,

Portfolio is as follows:

APWC - 2.3%
(cash) - 97.7%

I saved some rather big money selling some of my commodity exposed stocks, but some others like LEN and MS had great runs shortly after I sold but have drifted back a bit now. At this point, I'm waiting it out to see what develops. These kind of rolling tops (if this is one) tend to take a while to play out. I suspect if we don't break back above 1370 fairly soon, you'll start to hear talk of long-term double tops, and if enough people buy into that, a nice buying opportunity may develop.

Bottom line: I'm not sure what is next, so I am content to watch for a bit.

Have a great weekend! :)

Stocktrader

Stocks100 said...

Hi Stocktrader,

Correction or pullbacks are part of a strong bull market.

I am staying put with my sxposure & quite comfortable with it.

Enjoy your weekend.

Saleem