Indices are mixed as Nasdaq is down slightly.
S&P 500 & Dow are making higher highs.
S&P 500 @ 1507.39
Internals are mixed
Oil UP 91 cents
Gold UP $9.00
Canadian $ UP 34 tick @ 99.75
VIX Down 3.46% @ 13.10
In my portfolio :
Added 90% CRUS @ $28.46
Portfolio is BAC,CRUS,YHOO
Most stocks are UP
@ 2.07 following are down :
CRUS,YHOO,AMZN,KORS,CMG,RIMM,
PCLN,FB,POT,LULU,APKT,RVBD,LVS,
PANW,BIDU,DNKN,FFIV,LNKD,MU,
GMCR,ZNGA,LRCX,BRCM,JDSU,CIEN,
FNSR,SNDK,C,MOS,NVDA,FSLR,
SBUX,X,SINA,QIHU,MGA,BJRI,
MLNX,WYNN,AGU......
AMZN reports AH......8% swing is expected.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Ahead of what I expect to be a really strong ADP number and Fed "hold" and potentially some selloff, I sold some economically-sensitive stocks:
STLD @ 15.45
FFIV @ 104.02
CF @ 228.60
The price action in some high beta stocks is looking not great also, adding to my decision to sell.
Stocktrader
Hi Stocktrader,
Booking good gains is highly recommended...nice move $$$$
Saleem
Hey Saleem,
Any potential selloff might conflict with month-end markups, but I still think many companies need a pause in the uptrend, so I attempted to sell off the more cyclical or questionable stories.
I'd actually been thinking about selling FFIV since after earnings--the long-term story faces serious challenges and the VMW price action shows what happens when the growth rate comes in even a little.
Stocktrader
Hi Stocktrader,
I see "tremendous momentum in TAPE"
Strength can continue beyond month end race to have right stocks in every HF portfolio.....
Once we are above 1576.09 in S&P 500 which is all time high on Oct 11, 2007......then i need to evaluate TAPE strength......
Saleem
Post a Comment