Monday, June 4, 2012

Indices "trying" to make a comeback ......

Indices are fighting back after hitting lower lows.

S&P 500 went to 1266.74

Indices are down .54% to .69%

Internals are negative.

Oil Down 3 cents

Gold Down $7.60

Canadian $ Down 12 tick @ 95.92, lowest level in six months.

VIX UP .86% @ 26.89, showing sign of buying fatigue & deeply overbought condition. Good indicator for better equity close....

Portfolio is COH,LVS,LEN,LNKD,JCP

Most stocks are down

@ 1.49 following are green :

BIDU,GOOG,AMZN,MA,V,SNDK,SBUX,EGO,IBN,SNE

BLOG does NOT give buy or sell.

Saleem

at

2 comments:

  1. stocktrader_1996June 4, 2012 at 11:34 AM

    Hey Saleem,

    Chased STLD up for an hour with limit orders and it never fell back. I finally just bought @ 10.50... Also bought MET @ 27.86. I like what they have done recently to streamline their business divisions and focus more on Asia.

    Stocktrader

    ReplyDelete
  2. Stocks100June 4, 2012 at 11:38 AM

    Hi Stocktrader,

    $10.50 is only 21 cents higher than low of the day...

    Good luck with MET & STLD....

    Saleem

    ReplyDelete