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

6 comments:

c said...

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

Stocks100 said...

Hi C,

I am happy that your earning reports are good also.

Good luck with SFL.

Saleem

c said...

SALEEM

You the man
Look at bidu
Rocking
C

Stocks100 said...

Hi C,

Thanks !!!

It is good to be right SOMETIMES???

Saleem

stocktrader_1996 said...

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

Stocks100 said...

Hi Stocktrader,

Thanks for BIDU.....

I am sure you will adjust accordingly as warranted.

Good luck with your re-think.

Saleem