Indices are going through normal corrective phase & getting "near support".
S&P 500 @ 1434.52, low so far 1430.64
50 DMA @ 1425.94...major support
Internals are negative
Oil Down 62 cents
Gold UP 20 cents
Canadian $ Down 24 tick @ 102.00
VIX Down .86% @ 16.23..giving signal of a "turnaround"
Portfolio is APKT,BIDU,DNKN.LVS,JCP,RIMM,YHOO....
Most stocks are down
@ 2.01 following are green :
BIDU,RIMM,AUY,CRUS,GG,YUM,LULU,AAPL,PANW,
LEN,MU,BWLD,ARNA,MCD,SLW,SINA,BJRI,GS,C.....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI've got a full position cash to allocate. I'm thinking about PRU or WWWW now, but possibly waiting for some post-earnings irrational selloff? Any thoughts or ideas?
Stocktrader
Hi Stocktrader,
ReplyDeleteLNKD,EXPE are two suggestion for your analysis.
Saleem
Hey Saleem,
ReplyDeleteHmmm...LNKD is pretty interesting here. It's not a name I am normally comfortable with, but being the only real "go-to" professional networking website is powerful, and the chart looks pretty good for a rebound--I will consider this one further. Thank you for the idea! :)
Stocktrader
Hey Saleem,
ReplyDeleteBought half position LNKD at 111.75. I might add more, not quite sure yet, but definitely thanks for the pick! :)
Stocktrader
Hi Stocktrader,
ReplyDeleteYou are welcome !
Good luck with LNKD.
Saleem
Hey Saleem,
ReplyDeleteI decided to use the other half position to buy PFPT at 13.074. I am highly constructive on this quarter's earnings and guidance, so it's a name I felt I should be in at least halfway.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with PFPT...
Saleem