Wednesday, December 5, 2012

Dow & S&P 500 in green .....NICE !!!!

Dow & S&P 500 have reversed sharply after being down.

S&P 500 @ 1412.84, low was 1398.23, high @ 1415.56 so far

RSI @ 54.00

Internals are mixed

Oil Down 40 cents

Gold Down $1.80

Canadian $ UP 18 tick @ 100.87

VIX Down 4.26% @ 16.39

In my portfolio :

Sold TCK

Bought LULU @ $69.34

Portfolio is LEN,LULU,KORS,JCP,AUY

LULU reports before open on Thursday, expectations are Sales $305.05 Million & EPS @ 37 cents for Q3..expected guidance for Q4 ending Jan 2013, Sales $489.80 Million & EPS of 75 cents.....Sales for Q4 may be less than expected..
expecting a beat for Q3 in both Sales & EPS......

Most stocks are down

@ 1.55 following are green :

TCK,AMZN,RIMM,POT,M,SU,FFIV,PCLN,
LNKD,V,GMCR,MU,C,QCOM,ARNA,X,
STLD,CCJ,ECA,BAC,MS,KOG,GS,AGU,IBN....

BLOG does NOT give buy or sell.

Saleem

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