Indices are UP after resting for two days.
S&P 500 @ 1462.94
RSI @ 71.12
Internals are positive
Oil Down $3.80
Gold UP 90 cents
Canadian $ Down 8 tick @ 102.52
VIX Down 2.26% @ 13.86
Portfolio is BIDU,DNKN,EXPE,LVS,LEN
Most stocks are UP
@ 201 following are down :
PANW,HPQ,JCP,PCLN,FCX,COH,SU,
LRCX,BRCM,BWLD,CCJ,ECA,MS,
YHOO,GS,IBN,CLF......
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hey Saleem,
I did sell the hedge and bought SPLK, PANW, FIO, and half PFPT. Two days of trying to sell off without success means we likely go higher.
Stocktrader
Hi Stocktrader,
I am glad you are 100% long.
Good luck with your add on.
Saleem
Hey Saleem,
I was torn between a TZA that might still rise versus my researched companies that I think can also rise. I am unprotected now, so hopefully my companies can outperform if downside occurs.
Stocktrader
SALEEM
Take a look at NSC
Got hit bad after hurs on earnings
I May get some tomorrow
Thoughts
C
Hey c,
Good idea on NSC. I wonder if $69 is a good price?
Stocktrader
Hey c,
NSC will be explaining more at a conference tomorrow at 11 AM (had to preannounce to discuss). Maybe it would be wise to wait until we hear more?
Stocktrader
Hi Stocktrader,
I know its hard when you are torn between two opposite good ideas.
I think VXX may be a better hedge when VIX is below 13.....i may try that @ some stage of extreme froth.
Saleem
Hi C,
Thanks for your alert on NSC...never tried railroad..dont know anything about this business.
Saleem
Hello to all
A great morning here of the Chesapeake
Thanks to you guys for your replies
I always scout for buys
Warren Buffett loves the RR's
J . C ramer says buy buy
Well tha could be bad?
Best to Ll good luck
C
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