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

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6 comments:

  1. stocktrader_1996April 9, 2012 at 12:00 PM

    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

    ReplyDelete
  2. Stocks100April 9, 2012 at 12:05 PM

    Hi Stocktrader,

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

    Saleem

    ReplyDelete
  3. cApril 9, 2012 at 12:30 PM

    SALEEM

    the close is what is important to me

    Let hope for more green

    C

    ReplyDelete
  4. Stocks100April 9, 2012 at 12:36 PM

    Hi C,

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

    Saleem

    ReplyDelete
  5. stocktrader_1996April 9, 2012 at 12:52 PM

    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

    ReplyDelete
  6. Stocks100April 9, 2012 at 1:43 PM

    Hi Stocktrader,

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

    Saleem

    ReplyDelete