Indices are UP despite imminent resignation of Mario Monti of Italy.
S&P 500 @ 1419.20, high was 1421.64
RSI @ 56.87
Internals are positive
Oil UP 27 cents
Gold UP $8.60
Canadian $ UP 17 tick @ 101.27
VIX UP 1.82% @ 16.19
In my portfolio :
Added 70% LEN @ $36.59
Portfolio is LEN,LULU,KORS,JCP,AUY
Exposure 74%
Most stocks are UP
@ 1.48 following are down :
KORS,LEN,AAPL,AMZN,CRUS,RIMM,HMC,
EXPE,PCLN,PANW,COH,ZNGA,BRCM,C,
SBUX,SINA,AGU.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem
If what you post is truth, than we all have to look at dogs, like, CLF, FSLR, APKT, RIMM, FB, PANW and etc...
To me home builders is at a cross walk now since demand of house is high in U.S. but if politician really going to take away mortgage interest credit, then it might cool down the market. Just my 2 cents.
Hi Up,
YES..those stock selection are very good choice......
Regarding Mortgage deductibility being taken away..it may have some impact but low prices / high demand will offset that....means status quo to be maintained.
Saleem
Saleem,
I am looking at KORS. I think with the IPO at around 26, the tax selling has just started.
I started LEN at 36.37. It has tax selling as well.
Michael
Hi Michael,
YES..tax gain selling is playing a role in KORS & LEN......but good stocks will recover nicely as soon selling is dried up....
Good luck with your selection.
Saleem
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