Indices closed UP again.
S&P 500 @ 1494.81
RSI @ 71.82
CMF @ 0.470
Internals were :
Down volume led by 1.30 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.09 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 321 in NYSE & 150 in Nasdaq
VIX closed UP .24% @ 12.46
Oil closed @ $95.23
Gold closed @ $1686.70
In my portfolio :
Sold APKT
Bought CRUS @ $29.90
Portfolio is BAC,CRUS,YHOO,YUM
Exposure 50%
AH ER :
SNDK Down 3.71%
AAPL Down 9.83%
FFIV UP 5.96%
NFLX UP 35.19%
AH Futures Mixed
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, Chinese Flash PMI is @ 2 yr high of 51.9%. Chinese data may offset AAPL impact on market. There is a very good chance that S&P 500 can hit that magic number of 1500 on Thursday.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
Sold CLF at $36.94114 before I left this morning. Both CLF and WLT gave some guidance for Q4 and CLF wrote down enough assets that it impacted book value more than I liked. Also, I am less constructive on iron ore than metallurgical/coking coal.
This also gives me the buying power to pick up CRUS at close before their earnings. I think that is my likely plan for now.
Stocktrader
Hi Stocktrader,
CRUS has been beaten down enough...that there is a very good chance of rally..irrespective of their result.....
Good luck with your strategy.
Saleem
Hey Saleem,
Sold SPLK at 33.15292 after it seems a little tired. I almost sold yesterday for the same reason, and the lack of response to the upgrade today cinches it for me.
I think partly it is due to lack of followup in the IBM buyout and concerns about competition.
It appears I set the low for the day though and maybe got spooked on that fast dip. (I'm always worried a competitor or make a strategic purchase that hurts SPLK's future value...)
Stocktrader
Hey Saleem,
Sold WLT @ 39.65--also think it needs a rest.
It wasn't really my plan to sell off some things today, but maybe this 1500 level represents a good opportunity to do so.
Stocktrader
Hi Stocktrader,
Alway's listen to voice from inside..it tells you to do things which will bring peace of mind.
Yes 1500 is something to think about.
Saleem
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