Wednesday, May 16, 2012

Indices struggling, making lower lows......

Indices are in a typical bear mode, making lower lows on a daily basis. Oversold bounce does not last more than 1 hr.

Extremely weak TAPE.

S&P 500 went to another lower lows hitting 1326.89, RSI @ 30.68

Internals are negative.

New 52 wk lows are expanding their lead on a daily basis.

Oil Down $1.35

Gold Down $24.00

Canadian $ Down 38 tick @ 98.95

VIX UP 2.09% @ 22.43

Portfolio is COH,LSI,LVS,RIMM....

Most stocks are down

@ 2.29 following are UP :

COH,LNKD,LEN,CMG,GOOG,M,
V,NTES,MU,BWLD,EXPE,SINA.....

BLOG does NOT give buy or sell.

Saleem

3 comments:

c said...

SaLEEM

SINA is rocking up 11%


Congratulations on COACH awesome performance!

AUY was mentioned on CNBC --I guess that is why it moved up?
APPLE is sucking bad today

Stocks100 said...

Hi C,

Thanks for your feedback on COH....

There is an interesting article on AAPL @ www.thestreet.com under Midday bell report..its a newsletter which i get twice everyday (FREE)....@ 12.53.17 PM

Interesting comparison of AAPL with AMZN...

Saleem

c said...

Saleem

It is all hype and gloom and doom
apple rules!

APPLE will deliver new Phone
Up dated iMAc and apple TV in Jan 2013
all money makers, iPad is a success

just a lot of pain till July for earning announcement and
new product announcements --coming right up

C