China surprised everyone by .25% rate cut, to give boost to their weakening economy.
Ben Bernanke stayed the course with same old line, which was not received well by traders.
Indices gave up euphoric gain to struggling gain.....UP .19% to .88%
S&P 500 high today was 1329.05, currently @ 1322.69
Internals are positive.
New 52 wk highs maintaining lead.
Oil Up 1 cent
Gold Down $45.40
Canadian $ UP 30 tick @ 97.60
VIX Down 3.97% @ 21.28
In my portfolio :
Added 110% LEN @ $26.56
Portfolio is COH,LVS,LEN,LNKD,JCP
Exposure 100%
Most stocks are UP
@ 2.13 following are down :
COH,JCP,KORS,M,LULU,TIF,APKT,
CMG,PCLN,GOOG,FB,AUY,GG,LRCX,
VECO,BWLD,EXPE,NVDA,SLW,EGO,
AEM,ECA,WYNN,GS.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
SALEEM
Very cool call on LEN
builders should do well
I got some SFL again at $15.91
the S&P back tracked on us
I guess we gotta be careful
BB did us no good ---I guess
VBTA
C
Hey Saleem/c,
I love GGC in the homebuilding theme, especially given its low nat gas kicker. The stock has not acted particularly well in the last three days despite the good market so I'm monitoring my position closely, but it seems a fantastic idea for the future. Maybe one to watch for you guys?
Ugly close, but I'm still positive overall :).
Stocktrader
Hi C & Stocktrader,
It was a "reactive close" to BB lack of will to "articulate more"
Housing is the biggest turnaround story for US economy.....
SFL...C is an expert trader on that...good for you.
Saleem
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