Indices were caught in "famous European downdraft" again, but US market is trying to shrug off Spain downgrade.
S&P 500 @ 1400.97
Internals are mixed
Oil Down 62 cents
Gold UP $3.20
Canadian $ UP 22 tick @ 100.54
VIX Down 2.5% @ 15.59
In my Portfolio :
Added 150% BIDU @ 129.97
Added 70% LEN @ $30.13
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY
Exposure 164%
Most stocks are UP
@ 2.09 following are red :
NTES,LVS,YUM,CMG,PCLN,EXPE,AMZN,LNKD,
SU,SNDK,MOS,CCJ,APKT,SINA,BJRI,GS,IBN....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Saleem
Your minting money in BIDU
Lets go LEN
Did you see drop in old MCD
I am so surprised that SINA is lousy
I did buy some KMP
I open a tiny account with E-trade--e trade gives $$ and free trades for new accounts. If I do not like em I will switch to Fidelity
thanks
C
Hi C,
BIDU TAPE has been strong & i intend to ride it UP.
Good luck with your switch to E & then to F.....
Saleem
Hey Saleem,
My two horseman, CLF and PANW, both showed good price action today. I feel so comfortable with the portfolio, I'll have a hard time stepping it back next week. Hopefully we get some more great run before then.
Stocktrader
Hi Stocktrader,
Your PANW rocketed UP huge....do not monitor @ all.
TAPE giving clear message to "undecided"
Saleem
Hey Saleem,
Yes, this rally is powerful. Even this "rest" day was unchanged--huge positive.
After 4-5 more days of grinding higher that I expect, I plan to be much more cautious next Wednesday by close ahead of CSCO's report. It sounds about right to take a real rest at that time anyways if the S&P is another 30-40 points higher.
Lots of China data tonight--expectations are so low that it can only be good reaction, right? :)
Stocktrader
Hey Saleem,
About PANW...absolute disruptive technology in cloud network security/firewall protection. There's a reason it is the second largest stock in my portfolio despite having IPO'd less than a month ago--these guys are on their way to being huge.
Stocktrader
Hi Stocktrader,
It is absolutely critical to monitor overbought conditions also....
Great pick PANW$$$$$$$
Saleem
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