Thursday, January 3, 2013

Indices closed down .16% to .38%........

Indices were dealt with a policy "surprise" around 2 PM by Fed in its minute.

S&P 500 closed @ 1459.37

RSI @ 62.62

CMF @ 0.153

Internals were :

UP volume led by 1.11 to 1 in NYSE & .82 to 1 in Nasdaq

Advancing stocks led by 1.28 to 1 in NYSE & .95 to 1 in Nasdaq

Net new 52 wk highs were leading by 276 in NYSE & 107 in Nasdaq

VIX closed Down .82% @ 14.56

In my portfolio :

Sold AUY

Portfolio is CRUS,KORS,JCP,TCK,YUM

Stocks which wre green @ close included KORS,YUM,
AMZN,PCLN,NFLX,GOOG,LULU,LVS,BIDU,
DNKN,MA,V,MU,C,SBUX,MCD,SINA,
QIHU,ECA,BJRI,WYNN....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, Fed minute hinted @ policy change which may be negative for gold & long term interest rates. Friday is all about Jobs report, consensus is anywhere from 150K to 160K, GS is @ 200K.This is not a reliable report with wild swing. IF there is a weakness in indices, it will provide another buying opportunity. I am planning to add IF there is weakness @ open. Investing thesis has not changed for short term.

BLOG does NOT give buy or sell.

Saleem

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