ECB rate cut hope has fueled a big rally for several days.
Indices are all UP from .84% to 1.05%....
S&P 500 @ 1596.03 breathing near record of 1597.35
Internals are positive by 2 to 1
Oil UP $1.20
Gold UP $13.80
Canadian $ UP 47 tick @ 98.76
VIX Down 1.47% @ 13.41
Portfolio EBAY HMC JCP BBRY
Most stocks are UP
@ 1.55 following are red :
YHOO AMZN EXPE LEN TZA LVS
ZNGA LRCX MU GG AEM MLNX
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Sold CLF @ 20.921 to take some profits.
Stocktrader
Hi Stocktrader,
Good move in booking profit in CLF.
Saleem
Hey Saleem,
Sold MCP @ 5.565 right before close (I was trying sooner but my website was having problems). There's speculation they may need to write down their previous acquisition much more heavily which could impact some debt financing they have in place. Given all this, I feel the stock is too speculative right now and I'll wait for more prolonged chart strength before entering--if things are really turning, they would have a long way to run.
Stocktrader
Hi Stocktrader,
Good risk / reward analysis on MCP.
Saleem
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