Monday, July 23, 2012

Indices down .90% to 1.21%......

Indices are reacting to Spanish, Italian & Greek mess.

European markets closed down from 2.09% to 3.18%....


S&P 500 low was 1337.56, currently @ 1349.83


RSI @ 49.50


Internals are negative by almost 4 to 1


New 52 wk lows are in the lead.


Oil Down $2.43


Gold Down $6.60


Canadian $ Down 54 tick @ 98.28

VIX UP 14.44% @ 18.62


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


BIDU reports tonight, expecting a beat & in-line guidance.


Most stocks are down


@ 2.02 following are UP :


JCP,LULU,GOOG,LEN,ZNGA,AAPL,SNDK,
ARNA,NVDA,ECA.....

BLOG does NOT give buy or sell.

Saleem
at

6 comments:

  1. cJuly 23, 2012 at 12:43 PM

    SALEEM

    \AGNC, GE, BGS T are all green at this time
    Yes!! GE had good earnings---go GE

    Bough more SFL at $14.76

    C

    ReplyDelete
  2. Stocks100July 23, 2012 at 1:42 PM

    Hi C,

    I am happy that your earning reports are good also.

    Good luck with SFL.

    Saleem

    ReplyDelete
  3. cJuly 23, 2012 at 2:42 PM

    SALEEM

    You the man
    Look at bidu
    Rocking
    C

    ReplyDelete
  4. Stocks100July 23, 2012 at 2:57 PM

    Hi C,

    Thanks !!!

    It is good to be right SOMETIMES???

    Saleem

    ReplyDelete
  5. stocktrader_1996July 23, 2012 at 4:07 PM

    Hey Saleem,

    Nicely done on BIDU! :)

    The market sure seems strong. I already feel like we'll rally again tomorrow (S&P futures down 6+ currently). I may have to reconsider the hedging strategy for now. The current recycled European problems just aren't hurting that much anymore, and even those that's not why I was hedged in the first place, any "good news" from Europe could create a multi-100pt DOW gain. I don't want a big hedge in the face of that.

    Until tomorrow...:)

    Stocktrader

    ReplyDelete
  6. Stocks100July 23, 2012 at 5:02 PM

    Hi Stocktrader,

    Thanks for BIDU.....

    I am sure you will adjust accordingly as warranted.

    Good luck with your re-think.

    Saleem

    ReplyDelete