Spanish bond auction giving boost to indices.
Indices UP almost 2%.
Internals are positive by minimum 4 to 1
New 52 wk highs leading again....
Oil UP $1.55
Gold UP $1.40
Canadian $ UP 1.18 cent @ 101.20, Bank of Canada signalling higher interest rates earlier than before, as Canadian economy is moving along nicely.
VIX Down 8.13% @ 17.96
In my portfolio:
Added 90% ZNGA @ $10.56.......trying to catch a falling knife ?
Portfolio is CNQ,COH,MS,RIMM,RVBD,ZNGA.....
Here is my real time weighting :
RIMM 28.45%
CNQ 21.15%
COH 20.02%
RVBD 19.89%
MS 5.73%
ZNGA 4.76%
Exposure 131%
Most stocks are UP
@ 2.05 following are red :
ZNGA,RIMM,LVS,BWLD,M,SBUX,GS.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
SALLEM
and all bloggers:
Something of interest on,
EVEP,BBEP,CHK,LINE,SFL,VLCCF,MTGE,AGNC,T :
I own several -try the link --hope it works
http://finviz.com/screener.ashx?v=211&t=...
Here are some charts I was looking at (all on one page so its easy to compare). Many are near their bottom trendlines.
Saleem
To me, market bounce too much in a single day, that left little room for more upside, so downside risk is building. What do you think of my theory?
Hi Up,
It is impossible to predict market these days, it is news driven....
Volume is good today on an UP day, which is good technically speaking..also S&P 500 near high of the day..another good thing...
I suggest booking profit IF you have.....
It is one day @ a time.....
Saleem
Hey Up,
I do worry more when the market whips up and down a lot. It shows that investors are uncertain and are chasing up and panicking down.
I'm not sure if I'll do anything different here, but it has me concerned as obviously the risk/reward changes after a 200 point up day.
Stocktrader
P.S. On GS, I think they are down because their outlook suggests continued lower VAR. This will leave them less leveraged to an improving economic picture as compared to the others. Whether this turns out to be smart or not is another question.
Saleem
With IBM report tonight and with technical overbought intraday, I am scale back my positions big time. Good luck guys
Hi Up,
Good luck with your strategy & your own comfort level.....both are extremely important.
Saleem
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