Indices were already UP in pre-market along with European Stock Exchanges, then came added fuel to bullish fire of 63% more job creation in USA.
S&P 500 closed @ 1390.99
RSI @ 60.67
Internals were :
UP volume led by 8.10 to 1 in NYSE & 4.95 to 1 in Nasdaq
Advancing stocks led by 4.81 to 1 in NYSE & 3.30 to 1 in Nasdaq
New 52 wk highs were leading, 194 in NYSE & 66 in Nasdaq
VIX tumbled 10.98% @ 15.64.......long time since digit 15 @ close.
Oil closed @ $91.40
Gold closed @ $1609.30
Canadian $ went above US$ to as high as 100.20.
In my portfolio :
Added 25% more AUY @ $14.70
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
Here is my portfolio weighting as of close :
NTES 25.04%
LVS 16.16%
TCK 15.06%
AUY 14.52%
JCP 12.37%
LEN 10.12%
BIDU 6.73%
Exposure 147%
Stocks which were UP 2% or more included BIDU,LVS,NTES,JCP,
PCLN,KORS,TIF,
LULU,M,CLF,
FCX,GOOG,LNKD,FB,CMG,
SU,LRCX,MU,JDSU,CIEN,FNSR,C.......
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
It's pretty easy this week--the market is heading higher for now.
My portfolio looks like this:
CLF - 24.7%
TZA - 12.9%
PANW - 12.8%
ADNC - 6.8%
GWAY - 6.7%
PFPT - 3.6%
APWC - 2.5%
(cash) - 30.0%
The portfolio is a little random, but I tried to find stocks that had upside still after this market run. I also put on the TZA hedge to protect somewhat.
Until we get near fiscal cliff resolution, I will play for shorter term ideas and special situations. I don't trust any of my companies' guidance right now.
I really don't see anything in the way of further rally for now. Europe is diffused, China is turning, and current US economic data shows rebound.
I'll do more thinking over the weekend about the best ways to construct my portfolio, but CLF seems a great way to play my thesis based on industry and valuation.
Have a great weekend! :)
Stocktrader
Hi Stocktrader,
Good luck with further due diligence over the weekend.
Market is alway's unpredictable & needs to be balanced with any thesis.
Saleem
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