Worldwide PMI went well below expectations, China, France, Japan caused the slump.
US market is faring much better due to improving economy & Fed QE3.
S&P 500 @ 1457.01, low was 1449.98
RSI @ 67.52
Internals are negative by 2 to 1
Oil Down 7 cents
Gold Down 70 cents
Canadian $ Down 31 tick @ 102.27
VIX UP 3.39% @ 14.35
Portfolio is BIDU,DNKN,EXPE,LVS,LEN.....
Most stocks are down
@ 2.06 following are green :
EXPE,ZNGA,BWLD,MOS,MCD,ECA,BJRI....
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
I absolutely messed up that switch I did yesterday. If I had done it right now instead, I would have saved a tremendous amount of money with TZA up some and SPLK, PANW, FIO, PFPT down quite a bit today. Oh well!
Stocktrader
Hi Stocktrader,
I feel that way "most of the time"....i wish i could have waited..
Of my four purchase yesterday..only DNKN was bought near low.....life of trader is such.....
Hopefully by close, you will feel much better.
Saleem
Hi Stocktrader,
Did you see the note on PANW by Pacific Crest analyst today?
Here is the link
http://www.forbes.com/sites/ericsavitz/2012/09/20/palo-alto-networks-pacific-crest-cautious-shares-trading-lower/?partner=yahootix
Saleem
Hey Saleem,
I did...
As I believe I've mentioned (but maybe it was only to friends), PANW is the highest market cap of any of the "future tech" plays I have, so it has been my worry that there is the most market traction priced in versus the others I own. Pacific Crest really highlighted this point and is causing weakness in the stock, although I'm hoping this note resets the bar for a new move up.
Stocktrader
SALEEM
We closed green ....surprised me
C
SALEEM
Fast money. Just paned LVS
They purchased 3,000 room hotel in China
Who knew
Watch it here......carefull
C
Hi C,
Green is better than red anyday....
About LVS..i do not invest or trade based on the feeling or approval of Fast Loud mouth money.....
Saleem
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