Indices are making new lows again. US$ is taking on the chin, slumped 3% against Yen & other currencies. This US$ dumping is a rare event with such speed.
S&P 500 @ 1610.17, low so far 1598.23 below 50 DMA...Dow also went below 50 DMA.
Internals are mixed
Oil UP $1.27
Gold UP $14.90
Canadian $ UP 84 tick @ 97.53
VIX UP 1.66% @ 17.79
Portfolio EBAY KOG BBRY AUY
Most stocks are down
@ 2.05 following are green :
BBRY AUY KOG LNKD TSLA YHOO RDN
PANW KORS EXPE PCLN LEN CLF CF
DNKN CMG SU YUM M BIDU FFIV
V WPRT RVBD GMCR MU JDSU
CIEN FNSR SPLK CSIQ FSLR
SBUX GG EGO AEM SLW
SINA SPWR MLNX
Z IBN FCX
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
It seems to me like there's still confusion and people don't know what kind of economic data they want. Given this, I imagine there's still a "flush" scenario that needs to happen. I suspect we are in for a pullback either late today or tomorrow and Monday could be rough either way.
Stocktrader
Hi Stocktrader,
I am expecting better than consensus jobs report...which should trigger another down move......BUT we may get buying by close on Friday.....
That may complete this Fed reducing stimulus from Sep & ending by December.....
This is my "big picture"
Saleem
Hey Saleem,
I would prefer a stronger number also but I have no predictions. At least a stronger jobs report should help the USD tone.
Stocktrader
Hey Saleem,
Sold SODA @ 72.50 to take profits.
Stocktrader
Hi Stocktrader,
This was your big Jackpot$$$$$$
Saleem
Hey Saleem,
RALY's report and guidance were very good for their 1st reporting quarter as a public company. The conference call was pretty short with only a few analysts on the call, but I learned a lot more about their market opportunity and business momentum.
They are really expanding well in their current clients as their product demonstrates meaningful improvement in project management metrics, and they had many new wins as their presence expands domestically and internationally. They really have a long runway here and I hope to re-enter at a good price tomorrow.
Stocktrader
Hi Stocktrader,
RALY beat by 20 cents....that is a huge beat for any company....UP 4.95% AH.....
Your homework is of high caliber.
Good luck on your re-entry.
Saleem
Post a Comment