Tuesday, September 18, 2012

Indices down .09% to .29%.....

Market is trying to consolidate near closing level.

S&P 500 @ 1457.01

RSI @ 68.47...down from 78 level so far

Internals are negative

Oil Down $1.08


Gold Down 40 cents


Canadian $ UP 4 tick @ 102.63

VIX Down 1.1% @ 14.43

In my portfolio :

Bought BIDU @ $112.72

Bought DNKN @ $30.03


Bought EXPE @ $55.11


Bought LEN @ $35.77


Portfolio is BIDU,DNKN,EXPE,LVS,LEN

Exposure 70%

Most stocks are down

@ 1.51 following are UP

DNKN,FFIV,GOOG,AMZN,PANW,FB,BRCM,
ARNA,MCD,SLW,CCJ,SINA.....

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hey Saleem,

GGC is absolutely collapsing and I can't figure out why :(.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Market internals are weak & some stocks are weaker....

On the bright side it is only $3 away from 52 wk high......

Yes it is down close to 6%...but volume is less than average so far.....

Saleem

stocktrader_1996 said...

Hey Saleem,

Yes, I'm not overly concerned about it. I just like to find some news/analyst note to correspond to the drop. Maybe this is just a case of the technicals...

Stocktrader

c said...

Hey

Saleem

Some interesting buys

I like it.... Great stuff
BIDU is $111.50 I am in at $117 lets rock
In your opinion are we near the bottom??
CNBC says big drop coming whats his name
Doug Kass says short the market--Gosh
thanks
C

Stocks100 said...

Hi C,

Doug Kass has been short for six weeks...he is a joke.

BIDU is near support in $111 area....

Saleem

c said...

SALEEm

thanks

Good to know
I think your LEN is again a GREAT selection
Me thinks I should get some too!!!!!


Peace
C