Indices are UP after six day's of selling.
Internals are positive.
52 wk highs are back in the lead.
Oil UP 37 cents
Gold UP $3.00
Canadian $ UP 16 tick @ 99.92
VIX down 5.83% @ 18.91
Portfolio is COH,LSI,LVS,LNKD,RIMM
Most stocks are UP
@ 2.10 following are red :
RIMM,COH,KORS,APKT,LEN,VMW,FFIV,
PCLN,CRM,CIEN,BRCM,ARUN,CF,NTES,
WYNN,AGU.....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Saleem
This market is very unpredictable. I think it is best to sell when there is gain. Better happy than sorry. Sold my calls on AMZN
Up
I am so sorry that you sold the calls
Perhaps that was prudent
time will tell
Hi Up,
This market is tough to navigate.
Booking profit never hurts.
Saleem
C
I hated when there is a weekly option exp, big fish will pin it to price level they desire. That is another reason i sell
Hey Saleem,
This JPM news seems bad--I can't even imagine how the European banks will look tomorrow in systemic sympathy given they have less healthy balance sheets.
I feel like there's a chance we are down 30 S&P futures by morning. Hopefully my worst fears are not realized.
Stocktrader
Hi Stocktrader,
Financial will be hit hard on JPM news...NOT other sectors...even JPM is down about 5%...not a disaster.....
Currently S&P 500 down 8 points after 2 hrs of news dissemination....
Market may test the lows again..but expecting to close above lows.......
Saleem
Saleem
Just got home and hear this JPM news. Originally i thought financial stock will be down big, but to my surprise, they are off 2% only. My view on this is financials had been down awhile and I think bad thing had been price in. We might enter a period that investors will look at how each company do instead of a whole. There will be blood tomorrow but I think they will be contain. Hope for the best
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