Tuesday, July 24, 2012

Indices down 1.03% to 1.29% .......

Indices are down on same old concern about Greece & other debt laden troubled countries.


S&P 500 @ 1333.13


Internals are negative minimum 2 to 1


VIX UP 6.07% @ 19.75


Oil UP 43 cents


Gold Down 70 cents


Canadian $ Down 26 tick @ 97.87


Portfolio is BIDU,LVS,NTES,JCP,TCK,AUY


Most stocks are down


@ 2.17 following are UP


BIDU,JCP,PCLN,KORS,GG,FB,ZNGA,
MU,JDSU,CIEN,EGO,AEM,SINA,GS....


BLOG does NOT give buy or sell.


Saleem

11 comments:

stocktrader_1996 said...

Hey Saleem,

I'm optimistic for a bounce before close based on short covering ahead of AAPL.

Stocktrader

Stocks100 said...

Hi Stocktrader,

IF history holds, then that is the pattern.

AAPL ER MAY give comfort to this market......they know how to manage the street.....everyone is talking about lower iPhone Sales..so no surprise for lower guidance....

Saleem

stocktrader_1996 said...

Hey Saleem,

Wednesday is often a reverse day anyways so the AAPL setup looks positive. Otherwise though, we might resume the selling again on Thursday for the rest of the market even if AAPL is bulletproof?

Stocktrader

c said...

SALEEM

APPLE will disappoint today

Look for apple share price dropping!
I think guidance will disappoint

all in my humble opinion
BLTA
c

stocktrader_1996 said...

Hey Saleem,

Do you remember the release date for the new iPhone? If October (I seem to remember this), I can't see how Q3 guidance will look good at all? It just occurred to me how this might shape--great Q2, weak guidance?

Stocktrader

stocktrader_1996 said...

Hey c,

I see you have the same ideas! Funny we both decided to write it up.

Stocktrader

c said...

Saleem
and all bloggers

I am a believer in APPLE products

But I have held the bag too for apple stock too!

NOTE: The price of apple products in China is way expensive,,,,,
the average income in China is to low to buy a lot of Apple products--yet China is a huge growth engine!
My Father in law bought a iPhone now he is in awe by his peers---He spent 1/2 a years income on it.

When the new iPhone come (sept) out, and with an iMac refresh, apple TV , new iPd 7inch. wow great 3 and 4th quarter.

PS
My T stock too a 2.6% hit on earnings disappointment -a tiny miss

Stocks100 said...

Hi Stocktrader & C,

AAPL iPhone5 is coming out in Oct....

I will not rule out Analyst pushing AAPL for a "buying opportunity of a lifetime" after close & on Wed.

Saleem

c said...

SALEEM

Now I gotta see J the Cramer --to see what he says
Should be interesting
thanks for your take ( you are probealy corret on release of iPhone 5 in October--At 65 I get goofy {smile}
C

c said...

SALEEM

Wow apple way down $33.50

Gosh

C

Stocks100 said...

Hi C,

AAPL missed Top & Bottom line......

IF it was CMG..it will be down $200 on a base of $400......as I said before..too many analyst will & ARE pushing AAPL.......Down $32 is nothing......

Saleem