Monday, March 26, 2012

Indices UP .98% to 1.40% on month / quarter end buying......NICE !!!!!

Portfolio Managers are dressing UP their portfolio by buying what has worked. Month / Quarter end buying in high gear.

S&P 500 high so far is 1412.06....high of the year is 1414.00, which should be taken out today.

RSI @ 67.86

Internals are positive by almost 3 to 1

New 52 wk highs expanded to 167 in NYSE & 189 in Nasdaq

Oil Down 12 cents

Gold UP $22.80

Canadian $ UP 52 tick @ 100.74

VIX UP 1.08% @ 14.98

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

LEN reports before open, expecting positive commentary on housing.

Most stocks are UP

@ 2.00 following are red :

CNQ,CLF,LULU,JCP,FIO,TSL,MU,
X,KOG,IBN......

BLOG does NOT give buy or sell.

Saleem

11 comments:

c said...

Saleem

Gosh
Does B Bernanke ever roil the market

Love it--but surprised--Look at my APPLE! up 1.5%
WhoooooWho

Gold is getting warm here--look at AUY up 3%

Stocks100 said...

Hi C,

Timing is everything in market, BB knew its month / quarter end window dressing time.

Do you have AAPL ....

Saleem

c said...

Saleem

40 shares in IRA

50 shares in cash account
Sold amazon and MS $$$$$

Yahoo!

Stocks100 said...

Hi C,

You sold MS on Friday?

AMZN today.....

Now you got more firepower...

Saleem

c said...

SALEEM

you are totally correct

Gotta figure what to do as I am still in my cash account
at 110% invested.....

IRA is at 100 % as I am NOT aloud to borrow funds to buy stocks

Sorry if I sound confused

c said...

Hey all

Wife and I saw movie John Carter
Very well done despite what critics say

It is hard to believe that the book for movie
was written 80 years ago
About an Army CIVIL WAR Veteran who goes to Mars
Very cool

Stocks100 said...

Hi C,

Cash account is what you should tinker with...IRA is long term.

Saleem

Up said...

C

I sold half of AMZN too, got to lock in some gains

c said...

Saleem

Wow CNBC Guy was real negative on real estate new sounds dismal.. They say Home Depot is the best play

C

Stocks100 said...

Hi C,

I give everybody a right to their own opinion / analysis.

Idea is to make money, not seek approval.

LEN will give the real deal before open......

Saleem

c said...

Saleem

great reply to my message

we have a tendency to react rather than think it thru

C