April continues in a downtrend.
Indices closed down about 1%.
S&P 500 closed @ 1366.94
RSI 43.52
Internals of the market were :
Down volume led by 5.52 to 1 in NYSE & 4.96 to 1 in Nasdaq
Declining stocks led by 2.83 to 1 in NYSE & 3.22 to 1 in Nasdaq
New 52 wk lows were in the lead, 78 in NYSE & 68 in Nasdaq
Oil closed @ $103.11
Gold closed @ $1632.60
VIX closed @ 18.97
In my portfolio :
Bought 20% more COH @ $75.31
Portfolio is COH,LNKD,RIMM,RVBD
Exposure 100%
AH ER :
NFLX Down 16.58%
TXN UP 3.70%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, indices came back from lows of the day, this is a reversal which showed relative strength compared to European markets, which were down as much as 3.36%.
S&P @ low today was down about 4.47%, this low today was higher low than 1357.38 reached 10 trading day's ago. Based on today's TAPE it is expected, to get oversold bounce for few days.
BLOG does NOT give buy or sell.
Saleem
22 comments:
GOOD MORNING to you Saleem
APPLE hit the skids---lower iPhone sales at T and VZ...
AMZ and CNQ are green.
what happen to COH??
best of luck to all
C
Hi C,
COH earning report is a beat in sales & EPS.....conference call is going very well.....rest will follow.
Saleem
SALEEM
Hope ou are right>>
PM sucks as a prognosticator
VBTA
C
Hey Saleem,
I managed to sell my 1400 shares of TUMI all at $26.08 while I was gone at my morning thing. I put in an order for $25.60 pre-market, and apparently $26.08 was the NYSE open? Massive stroke of luck there.
Catching up currently, but looking strongly at COH. Any thoughts on the decline?
Stocktrader
Stocktrader
Some thing is wrong with COH
BIDU is interesting??
GOO DLUCK
Hi Stocktrader,
When LULU reported they pulled the stock down $4..then it went back UP.......similar story @ COH...
Saleem
Hello
SALEEM
I sold the amazon at $188.50--and now it pops
gosh--------I got no timing at all.
I am waiting on some news to pull trigger on APPLE
Hi C,
Never look back..happens tp all of us....
Good luck with your strategy.
Saleem
OK all
I got 20 shares of APPLE at $564
still got powder for more at market close in case she drops more.SCCO is looking like a buy again--they settled the mine strike and increased the divi-IMHO a buy.
BDI rates are up as is NAT and SFL!
C
Hi C,
Good luck with AAPL...your sweetheart in stock market.
Saleem
Saleem
I am kicking myself for not get LEN, instead I tried to go for the bounce play, RVBD. And LEN is running without me
Hey Up,
I was looking at it this morning at sub-25 even after the housing news and couldn't gather myself quickly enough. By the time it hit $25.15, I wasn't prepared to pay up that much. Now, $25.50--wow!
Stocktrader
Hi Up,
TAPE is funny most of the time...we all have to choose between two stocks..generally the one we dont buy..runs away....
Good luck with RVBD..hope it shows some strength on day3 of slump.
Saleem
Stocktrader
Me too, don't want to chase. It just not my day.
C
I now you love AAPL. but is it wise to buy after report since you already have shares. If it go up, you still a happy man, but if it go down, you could average it down on much lower share price
UP
YOU are totally correct
but apple has corrected a lot
and I saved a little powder for an apple drop
Gosh I hope not
lets see how she goes.
my ERF is sucking eggs
C
Hey Saleem,
The waiting game is costing me all over the place. First LEN, now CLF. I think this is how a bull market pretty much goes?
Stocktrader
Hi Stocktrader,
There are so many stocks that can be bought ...sometimes rejig of portfolio is healthy & profitable.
Good luck with your rethink !!!!
Saleem
Hey Saleem,
It really seems like new housing is at a bottom--5.3 months supply?! I'm trying to decide if a homebuilder or a construction materials play is better given that homebuilders are relatively more expensive still.
Stocktrader
Hey Saleem,
I bought LEN $25.29434 for now. I'll still be looking at some stocks like CLF and STLD/X also.
Stocktrader
Hi Stocktrader,
Good move in buying LEN...while you are looking @ base metals check TCK also..came out with ER today & is taken as positive.
Saleem
Hey Saleem,
I see that on TCK--nice earnings. I usually stay away from TCK because it is too diversified and I like to pick my copper, coal, etc pure plays, but the earnings are hard to ignore. Also, US investors have to pay attention to the currency translation, but I think that is also in a favorable trend. All in all, looks good--I'll investigate further.
Stocktrader
HET guys
LOOKS At the REITS
they are starting to move , AGNC, TWO, IVR, MTGE , nly
also PETDX a fund
just a thought
I agree that LEN is a a goodie
One tough market however
Saleem
What the hay happened to COH????
Post a Comment