Nasdaq is showing leadership, by staying green.
S&P 500 low so far is 1392.92, still making higher low compared to previous pullback.
RSI 53.57
Internals are mixed, Nasdaq positive, NYSE Negative.
New 52 wk highs in the lead again.
Oil UP $1.77
Gold UP $17.00
Canadian $ UP 34 tick @ 100.72.....Canada's Jobs report was way above consensus, created 82,300 new jobs, Unemployment rate went down 2 notch to 7.2%.....I am expecting a "blowout US Jobs number also"
Portfolio is CNQ,COH,JCP,RIMM,RVBD,ZNGA
Most stocks are down
@ 1.40 following are green :
COH,AMZN,AAPL,LULU,CMG,PCLN,
WYNN,LVS,BIDU,LNKD,NTES,VMW,
MA,V,BWLD,SBUX....
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem
Commodity stocks reverse, not looking good near term.
I got back into MS just now
Hi Up,
Commodity stocks have been faltering for months.....
MS has been lagging also..look at GS..
Saleem
Saleem
I pick MS because it is oversold and they are the underwriter for facebook's IPO.
UP
I am holding MS since $20.20
all banks are in the toilet for now!
their day for upswing is coming soon--to a theater near to you....:):)
My NYB is doing v well, all tiny banks are hot....
all commodities are hurting very bad gold mining, ags and my copper awful
v best to you
C
Hey Saleem,
Back from a 24 hour quick vacation with the family and the portfolio completely fell apart. Every stock down, not to mention PMTC down 21%.
Stocktrader
Hi Up,
I have traded MS many times..it keeps trading in a range....not a sign of strength.
Saleem
Hi Stocktrader,
Sorry to hear about PMTC....
I know its tough sometimes, but i am sure you will deal with your portfolio in a prudent manner.
Saleem
SALEEM
FCX made the GS Buy List:
Goldman Sachs top 20 companies world wide... 14 of the 20 companies are in the oil/gas/energy fields.
http://www.businessinsider.com/goldmans-...
some to cheer about
C
Hi C,
Hopefully GS will put its buying power behind FCX.....
Saleem
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