Tuesday, March 6, 2012

Indices down 1.64% on global slowdown & Greece refinancing.....

China growth warning announcement yesterday from 8% to 7.5% is having a toll again. Greece is back in picture with refinancing of debt. This is taking a toll in indices which are @ lows of the day.

S&P 500 low so far is 1342.13....

RSI @ 47.40

VIX jumping by 15.07% @ 20.77

Oil down $2.04

Gold down $36.80

Canadian $ down 73 tick @ 99.81

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

Internals are :

Internals are negative 10.93 to 1 in NYSE, 5.24 to 1 in Nasdaq

New 52 wk high / lows are mixed

Most stocks are down

Blog does Not give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hey Saleem,

Many of the stocks I was in/track are down 10%-15% in just a week, yet I don't feel highly compelled by any of them really.

Watching and waiting still...

Stocktrader

Stocks100 said...

Hi Stocktrader,

Sharp & swift correction is better than slow & painful.

Good to be ready, whenever timing suits you.

Saleem

c said...

SALEEM

What a spanking we took today

KFT was good to me
For you amazon did not disappoint as all
V good!!!!!!

I sold the AAPL at $531 as it was bouncing foe me way to much -- so I only made $650 profit
Looking for an entry to re-buy apple v soon?
C

Stocks100 said...

Hi C,

We needed a day like today for shorts to start thinking of covering their short...they normally do when markets are UP, theory being, they wait for lower low..which may not happen.

Great trade in AAPL.....$650 is a very good profit from AAPL....

Saleem