Wednesday, March 28, 2012

Indices Down .79% to .91%, on weaker durable goods order.....

US economic news is driving this bull run, but today weaker than expected data is taking a toll in markets today.

S&P 500 low so far is 1397.45

RSI @ 58.66

Internals are negative by minimum 2.5 to 1

Oil Down $2.35

Gold Down $27.90

Canadian $ Down 35 tick @ 100.10

VIX UP 8.53% @ 16.92

In my portfolio :

Added 40% RIMM @ $13.71...my fifth purchase

Bought JCP @ $36.54

Portfolio is CNQ,JCP,OTEX,RIMM,RVBD

Here is my weighting :

RIMM 28.43%

CNQ 20.90%

RVBD 17.99

JCP 16.46

OTEX 16.22

Exposure 139%

Most stocks are down

@ 2.05 following are green :

OTEX,GOOG,NVDA,BAC,NOK....

BLOG does NOT give buy or sell.

Saleem

4 comments:

c said...

SALEEM

No risk no gain--More RIMM and I can say wow

I am not sure about retail JCP has had good numbers as
I recall
I saw this:JC Penney (NYSE:JCP) shares have crossed bullishly above their 10-day moving average of $36.57 on a volume of 2.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

I got some MS at $20.20 I hope to close positive
C

Stocks100 said...

Hi C,

More RIMM YES......Options are predicting 15% move after close Thursday or Friday.....

Hopefully UP$$$

Saleem

stocktrader_1996 said...

Hey Saleem,

$VIX ended down today?? Sign of too much complacency or of things ok?

I already see good values in stocks I like, but I am trying desperately to be patient.

Some commodities and also nat gas users are of interest to me (CF, FCX, DOW)...along with tech...along with financials...oh my, everything looks good! AHHH!

Stocktrader

Stocks100 said...

Hi Stocktrader,

Correction is over....

I recommend "ALL IN"

Good luck with your decision.

Saleem