Indices are lower on poor earnings from 3M & Dupont.
S&P 500 @ 1415.12..low was 1407.56
RSI @ 38.71
Internals are negative by minimum 2 to 1
Oil down $2.43
Gold Down $16.20
Canadian $ Down 8 tick @ 100.71
VIX UP 11.79% @ 18.58
Portfolio is APKT,BIDU,LVS,LEN,PANW,RIMM,YHOO
Most stocks are down
@ 2.18 following are green :
YHOO,BIDU,RIMM,CMG,EXPE,NFLX,
PCLN,LULU,GOOG,COH,FB,JDSU,CIEN,
FNSR,BWLD,NVDA.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
YHOO has been doing quite well on a down day. Congratulation to you on your conviction.
AAPL's pricing on iPad mini did not accept well to the market.
Only few more days on October are left. Should we see end of the year rally soon?
Michael
Hi Michael,
Thanks for your feedback on YHOO, earnings was better than expected especially 9 cents beat on EPS on a base of 26 cents.
Indices are deeply oversold..anytime RSI hits 38 in S&P 500..there is a very good chance for rally.....buy on dip should work.
Saleem
Saleem,
Yes...buy on dip. I bought some RVBD at 23.5. I expect to see it in the range of 27s with this run.
Michael
Hi Michael,
Good luck with RVBD...
Saleem
Post a Comment