Indices are in bull mode with Dow making another new all time high, S&P 500 has few points to go.
S&P 500 @ 1571.98
Internals are positive
Oil Down 2 cent
Gold Down $24.70
Canadian $ UP 29 tick @ 98.62
VIX Down 5.15% @ 12.88
Portfolio BAC,BBRY,RDN,JCP
Most stocks are UP
@ 2.00 PM following are red :
JCP,RDN,PANW,KORS,QIHU,CF,POT,
MOS,HMC,LEN,CLF,YUM,GG,CRUS,
ZNGA,BRCM,CIEN,FNSR,MON,
FSLR,X,STLD,EGO,SLW,AEM,
SPWR,AGU,FCX....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Lots of small cap stocks have "reset" in the last two days. I'm surprised there was that much quarter-end fluff out there, or maybe it's just trepidation ahead of the earnings season. Either way, I think the selloff is good to pave the way for future rises if the earnings come in good for each specific company.
Stocktrader
Hi Stocktrader,
I agree with your second thesis of resetting for earning report..for reaction based on quality of report.
Saleem
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