Monday, June 18, 2012

S&P 500 making higher highs....NICE !!!!

So..... there was Greece election & there was Spanish bond yielding 7.16%...but market IS marching on its own drum IGNORING bearish drum roll which lasted only 15 mts @ open.....


S&P 500 high so far is 1346.59 currently @ 1345.33


RSI @ 56.20


Internals are positive


Oil Down 74 cents


Gold Down $1.90


Canadian $ Down 39 tick @ 97.50


VIX Down 10.09%@ 18.98


Portfolio includes COH,LVS,LEN,LNKD,JCP


Most stocks are UP


@ 1.55 following are red :


COH,JCP,CLF,NAV,X,BJRI,GS,KOG,IBN....


BLOG does NOT give buy or sell.


Saleem


at

13 comments:

  1. stocktrader_1996June 18, 2012 at 11:09 AM

    Hey Saleem,

    Bought back CMI and PFPT. Although I didn't pay up much for these two from prior sell prices, it is frustrating to look at some of my others like WWWW and LEN.

    The market is very impressive today! Is this just a Monday effect? or is this the legitimate trend for the forseeable future?

    Stocktrader

    ReplyDelete
  2. cJune 18, 2012 at 11:15 AM

    SALEEM and all

    the market has lots of money flowing form over seas

    even CNQ is up for goodness sake

    get some SFL for a trade, IMHO.
    look at the ag stocks a are POPING AGU, POT up today
    My gosh APPLE is a popping up $12.50

    BEST to all, good luck!!!!!!!!
    C

    ReplyDelete
  3. Stocks100June 18, 2012 at 11:31 AM

    Hi Stocktrader,

    Market has been stable & showing UPtrend @ start of June......

    I think that market has discounted Greece & Spain already.....

    Its time to buy & watch it grow.....

    Saleem

    ReplyDelete
  4. Stocks100June 18, 2012 at 11:35 AM

    Hi C,

    When is this strong..it is good to have stocks like AAPL.....

    Good luck with your portfolio $$$$$

    Saleem

    ReplyDelete
  5. stocktrader_1996June 18, 2012 at 11:39 AM

    Hey Saleem,

    Bought some APKT and PAY also. I still don't know what to do about WWWW and LEN. I wonder if any kind of pullback is coming?

    Stocktrader

    ReplyDelete
  6. Stocks100June 18, 2012 at 11:48 AM

    Hi Stocktrader,

    Strong stocks stay strong.....

    Never too late to buy good ones.

    Good luck with your decision.

    Saleem

    ReplyDelete
  7. stocktrader_1996June 18, 2012 at 11:49 AM

    Hey Saleem,

    Took this tiny dip opportunity to buy WWWW and LEN back. Also bought MOS--back to 100% invested.

    Great NASDAQ performance today--bodes well for the market! :)

    Stocktrader

    ReplyDelete
  8. Stocks100June 18, 2012 at 11:54 AM

    Hi Stocktrader,

    I am really happy that you are "all in".....

    Good luck !!!

    Saleem

    ReplyDelete
  9. stocktrader_1996June 18, 2012 at 12:10 PM

    Hey Saleem,

    Altogether I bet that failed "move" cost me around 1% total performance in the portfolio. While not a huge amount, it is sad because the idea was not well-conceived.

    Glad to be back in my favorites :)

    Stocktrader

    ReplyDelete
  10. cJune 18, 2012 at 12:39 PM

    SALEEM

    I was looking for apple to break on up a lot higher

    Lost some MOMO

    LEN is hot today too
    CNQ dropped back some --SPL is back up form the low
    as I predicted, GOt some at $14.64
    should I sell it or hold over night--hmmmmmm
    thanks to all
    Best to you all

    ReplyDelete
  11. cJune 18, 2012 at 12:41 PM

    SALEEM

    SO SORRY
    my buy should be SFL
    my bad
    C

    ReplyDelete
  12. Stocks100June 18, 2012 at 12:50 PM

    Hi C,

    Try to hold any sell till Tuesday ...

    Saleem

    ReplyDelete
  13. Stocks100June 18, 2012 at 12:51 PM

    Hi Stocktrader,

    Hopefully...that 1% lesson should create 100 fold profit....

    Saleem

    ReplyDelete