Tuesday, May 15, 2012

Another disappointing TAPE......

Indices are finding weak buying support.

TAPE is  WEAK......

All the gains are disappearing, indices barely green

S&P 500 lower low was @ 1335.56

Internals Mixed

New 52 wk lows are in the lead.

Oil Down 64 cents

Gold Down $3.70

Canadian $ Down 13 tick @ 99.56

VIX Down 2.10%

In my portfolio :

Sold LNKD

Portfolio is COH,LSI,LVS,RIMM

Exposure 79%

Most stocks are down

@ 2.05, following are UP :

LNKD,LVS,KORS,BIDU,PCLN,GOOG,LEN,VMW,
APKT,CMG,M,AMZN,NTES,CRM,MA,BRCM,
VECO,FNSR,BWLD,GS,IBN.......

BLOG Does NOT give buy or sell.

Saleem
at

9 comments:

  1. stocktrader_1996May 15, 2012 at 11:43 AM

    Hey Saleem,

    What do you think about catching a falling knife in SWC? It seems to me the commodities and currencies need a bounce after so much selling, and SWC could be well positioned to benefit as a huge beta play on that.

    Stocktrader

    ReplyDelete
  2. Stocks100May 15, 2012 at 12:00 PM

    Hi Stocktrader,

    Any stock CAN bounce...but SWC TAPE is in steepe decline......it is showing a "death cross"......

    I do not feel right about SWC TAPE.
    .....especually with ongoing weakness in market TAPE.....

    Saleem

    ReplyDelete
  3. stocktrader_1996May 15, 2012 at 12:35 PM

    Hey Saleem,

    Sold FXCM at 9.88 avg and bought half SWC at 8.32 and half GWAY at 15.00.

    That's how I'll work this for now, but still looking to make adjustments.

    Stocktrader

    ReplyDelete
  4. Stocks100May 15, 2012 at 1:36 PM

    Hi Stocktrader,

    Good luck with your swap.

    Saleem

    ReplyDelete
  5. stocktrader_1996May 15, 2012 at 1:46 PM

    Hey Saleem,

    I'm starting to gain a little confidence in stocks since my diverse portfolio is actually marginally up over the last two days. Something must be working...

    Stocktrader

    ReplyDelete
  6. Stocks100May 15, 2012 at 1:50 PM

    Hi Stocktrader,

    I am really happy that you have positive return for last two days...i cannot say that for my portfolio.

    Good to beat averages on two bad days.

    Saleem

    ReplyDelete
  7. stocktrader_1996May 15, 2012 at 2:09 PM

    Hey Saleem,

    To be fair, I've underperformed for a number of weeks running now, so maybe these are just oversold bounces, although clearly there are some just plain strong, like LEN. Nice 2-day bounces have definitely come from ZNGA, OCZ, and PFPT also though.

    Stocktrader

    ReplyDelete
  8. Stocks100May 15, 2012 at 2:45 PM

    Hi Stocktrader,

    2 days back to back gain is a great "relative performance"....

    As you well know..PAST do not count..we all have to perform in PRESENT.....

    Saleem

    ReplyDelete
  9. stocktrader_1996May 15, 2012 at 3:14 PM

    Hey Saleem,

    Not that it's a big deal, but I meant that the total performance over these past two days was positive (after I posted yesterday, the late day swoon put me slightly negative for the day).

    Looking forward to one of those Wednesday bounces? :)

    Stocktrader

    ReplyDelete