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
Hey Saleem,
ReplyDeleteLots 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,
ReplyDeleteI agree with your second thesis of resetting for earning report..for reaction based on quality of report.
Saleem