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
Saleem
ReplyDeleteThis 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
ReplyDeleteI am so sorry that you sold the calls
Perhaps that was prudent
time will tell
Hi Up,
ReplyDeleteThis market is tough to navigate.
Booking profit never hurts.
Saleem
C
ReplyDeleteI 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,
ReplyDeleteThis 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,
ReplyDeleteFinancial 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
ReplyDeleteJust 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