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:
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
Hi C,
More RIMM YES......Options are predicting 15% move after close Thursday or Friday.....
Hopefully UP$$$
Saleem
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
Hi Stocktrader,
Correction is over....
I recommend "ALL IN"
Good luck with your decision.
Saleem
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