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
Hey Saleem,
ReplyDeleteMany 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
Hi Stocktrader,
ReplyDeleteSharp & swift correction is better than slow & painful.
Good to be ready, whenever timing suits you.
Saleem
SALEEM
ReplyDeleteWhat 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
Hi C,
ReplyDeleteWe 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