Indices are mixed despite election uncertainty.
Nasdaq is UP while other indices are slightly lower...a major sign of resiliency...
S&P 500 @ 1413.05, low today was 1408.13
Internals are mixed
Oil UP 25 cents
Gold UP $9.80
Canadian $ down 10 tick @ 100.30
VIX UP 5.51% @ 18.56
Portfolio is APKT,AMZN,BIDU,LVS,PANW,RVBD
Most stocks are UP
@ 2.05 following are down :
BIDU,LVS,LNKD,JCP,SU,PCLN,GOOG,POT,
TCK,MA,V,GMCR,ZNGA,MU,BRCM,EGO,
SLW,BAC,MS,CCJ,BJRI,WYNN,SNE,IBN....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
Sold my LF at ~9.569 average. Despite what should be good earnings and guidance after the close, I've learned from CRUS that if that's all the street sees, there may be pressure on the stock after. My belief is that after this holiday season even more competition will come into the space, making the investment hard to stomach. I played this stock for the holidays and I'll take the gains I made (especially since I can't trade after hours in this account).
Stocktrader
Hi Stocktrader,
NOW you are living up to your screen name......
Booking profit is a good thing....
Saleem
Hey Saleem,
Haha! LF was really the only "trade" in the portfolio--the rest I could envision holding for longer if the stories remain intact.
Also, I'm thinking about TM as an investment. In looking at some industrials and other stocks this weekend, the car makers really stood out to me. TM specifically had a rough quarter due to the China spat which seems to be abating, they will benefit from the newly trending weakening yen, and car sales should continue to be good throughout the world as the age of cars is near record highs. Any thoughts?
Stocktrader
Hi Stocktrader,
TM is being impacted by devaluation of Indian Rupee..as inflation is a major issue for indian economy.....with prices rising everywhere...car purchase may be delayed.....
TM as a stock is @ RSI of 60.20 which is awfully close to high end of its trading range...so i say wait for better RSI to purchase like low 50.....
Saleem
Hi Stocktrader,
I got mixed up with TTM in terms of fundamental.......TM just broke out now on higher volume......
Toyota should come out OK with its fundamental.
Saleem
S
I thought that I posted a message
Way happened?
BIDU. Was week all day
APPLE was hot dies off
Best to all
C
Hi C,
Message can be posted only IF you are signed in...maybe you forgot to sign in & completed your message & did not see the message that "no anonymous posting is allowed".....
See this message came through.
IF BIDU can hold today's LOW..then we are going UP from tomorrow....it is deeply oversold.....
AAPL needs to make a solid bottom before it can make a "new trading range"
Saleem
S
Thank you so much
C
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