S&P 500 is making five wins in a row. Nasdaq also green. Dow is down slightly.
S&P 500 @ 1404.06
Internals are positive.
Oil Down 11 cents
Gold UP $4.20
Canadian $ UP 20 tick @ 100.75
VIX UP .39% @ 15.38
Portfolio is BIDU,LVS,LEN,NTES,JCP,TCK,AUY.
Most stocks are UP
@ 2.37 following are Down :
NTES,LVS,CMG,PCLN,LULU,V,
SBUX,WYNN,IBN....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
Another great day for the small caps. This is the fourth day I've outperformed the market with NOW leading the charge today.
Do you have any sell strategy or are you just relaxing for now? At some point we will approach highly overbought conditions...
Stocktrader
Hey Saleem,
Also, I have two closely watched stocks reporting after the bell, FIO and NVDA. They are both buys if they trade down in my opinion (although admittedly most stocks are like that now).
Stocktrader
Hi Stocktrader,
I firmly believe in Overbought & Oversold scenario.....
Every environment is different which needs a different selling strategy......
Every night when i write my BLOG..is my RETHINK time....so stay tuned to my "inner voice"
NOW is giving you serious $$$$$$.
Saleem
Hey Saleem,
I sold a little of my SWKS to take a small speculation position in FIO. I have a good feeling about the quarter/guidance. I got filled at 20.85. I think it could trade anywhere between -$3 to +$7 and with short interest high, I wonder if even an inline quarter could propel the stock.
Stocktrader
Hi Stocktrader,
FIO is a "conservative speculation"...means upward trajectory is more probable.
Good luck.
Saleem
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