Indices closed UP again even on much dreaded weekly Option Expiry.
Internals were positive by 2 to 1
New 52 wk highs expanded their lead, 195 in NYSE & 131 in Nasdaq
S&P 500 closed @ 1403.36, RSI @ 57.47
Oil closed @ $104.93
Gold closed @ $1664.80
Canadian $ closed @ 7 month high @ 101.94
VIX closed @ 16.32
In my portfolio :
Added 60% LNKD @ $105.20
Portfolio is COH,LSI,LVS,LNKD,RIMM,RVBD
Here is my weighting as of close :
RIMM 34.64%
COH 27.38%
RVBD 17.34%
LNKD 10.84%
LVS 5.52%
LSI 4.28%
Exposure 115%
Stocks which were UP 2% or more included LNKD,
LEN,CNQ,PCLN,AMZN,FFIV,VECO,JDSU,ARUN,KORS.....
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
It was quite a week for many stocks, both good and bad. I had enough of those bad (ZNGA, PFPT, CLF) to offset some very nice (APKT, CF, LEN) to the extent that I slightly underperformed this week. The portfolio stands as follows:
APKT - 10.0%
CF - 9.6%
DOW - 9.5%
MET - 8.5%
FCX - 8.4%
OCZ - 8.2%
LEN - 8.0%
CLF - 7.7%
PFPT - 7.7%
FXCM - 7.3%
PMTC - 6.9%
ZNGA - 5.6%
APWC - 2.3%
(cash) - 0.08%
I'm not particularly anxious to sell any of these off now, but depending on some earnings this week and/or potentially more runup, that could change.
The market is a strange creature currently, but is being driven by earnings, which is refreshing.
I love earnings season as it really shows the market leaders from laggards. I look to rotate into these leaders, and also look for emerging stories to add new companies to my watch list.
Have a great weekend! :)
Stocktrader
Hi Stocktrader,
CF is doing exceptionally well for you. LEN & APKT are doing well also.
Next week should be strong.
Saleem
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