Wednesday, June 5, 2013

Indices down 1.06% to 1.23%......

Indices are weak again. Fed beige book offering mixed picture of housing & lending growth but jobs impacted by sequester.

S&P 500 @ 1612.27, low so far 1609.28...50 DMA @ 1604.24..i do not expect 50 DMA to hold.

Internals are negative by almost 3 to 1

Oil UP 82 cents

Gold UP $2.80

Canadian $ Down 1 tick @ 96.69

VIX UP 7.68% @ 17.52..expect to go to 20+ area

Portfolio EBAY KOG BBRY AUY

Most stocks are down

@ 2.20 following are green :

BBRY LNKD PANW AMZN GOOG TZA 
JCP CF RVBD MU AEM SINA MLNX....

BLOG does NOT give buy or sell.

Saleem

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