Wednesday, November 7, 2012

Indices down sharply on political / fiscal cliff.......

Here we are, another win for Obama & another sharp selloff on the result...some thing never change.

As previous election selling came to an end, indices went on to make the-biggest run ever for any 1st term....some food for thought....

S&P 500 went down to 1388.14, currently @ 1400.45

Internals are negative by minimum 5 to 1

Oil Down $3.48

Gold Down $1.20

Canadian $ Down 42 tick @ 100.36

VIX UP 5.86% @ 18.61

Portfolio is APKT,AMZN,BIDU,LVS,PANW,RVBD

Most stocks are down

@ 1.55 following are green :

APKT,LEN,AUY,NFLX,FFIV,AEM,GG,
JDSU,CIEN,SBUX,SLW,BJRI....

BLOG does NOT give buy or sell.

Saleem

2 comments:

c said...

S


sir
did you see that LEN is up today $39.20
I should have held on to it

It is may not safe to get now

best of luck

C

Stocks100 said...

Hi C,

Sir..i am not.....

About LEN..it remains very strong & wants to go HIGHER...any dip in LEN should be bought.

YES..it is my few repeat buys...

Saleem