Monday, April 9, 2012

S&P 500 support holding, Indices down .76% to .92%

Indices are reacting to, below expectation Jobs Data.

Indices are down less than 1%....

S&P 500 went down to 1378.24, 50 DMA is 1371.38.

RSI @ 46.89

Internals are negative by 4 to 1

New 52 wk lows are in the lead.

Oil Down $1.43

Gold UP $16.00

Canadian $ UP 3 tick @ 100.34

VIX UP 8.44% @ 18.11

Portfolio is CNQ,COH,JCP,RIMM,RVBD,ZNGA

Most stocks are down

@ 2.20, following are Green :

RIMM,LVS,PCLN,AAPL,BIDU,GG,MA,ABX....

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hey Saleem,

I'm torn between deploying that extra cash now (looking at DOW and APKT mostly) or waiting for some kind of unique opportunity during earnings season.

I suppose it is always good to have a little powder dry...

Stocktrader

Stocks100 said...

Hi Stocktrader,

When you are ready, then you will know where to focus.

Saleem

c said...

SALEEM

the close is what is important to me

Let hope for more green

C

Stocks100 said...

Hi C,

Close is the only game in town..so CNBC can go wild with OPINION not ANALYSIS.

Saleem

stocktrader_1996 said...

Hey Saleem,

I went with adding half to DOW and half to APKT--the prices are just too good to ignore here. If I see other opportunities during earnings season, I can make adjustments then.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with your add-on in APKT & DOW....

Saleem