Indices are trading lower as politicians ramp up their gamesmanship to derail everything, only last 33 hours remains for a work which was supposed to be done 2 years ago......
S&P 500 @ 1700.99, high 1711.57
Internals are negative by 2 to 1
Oil Down 93 cents
Gold Down $2.40
Canadian $ Down 25 tick @ 96.23
VIX UP 7.65% @ 17.30
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are down
@ 2.22 following stocks are green :
AMCC JKS GOOG LNKD QIHU NFLX AAPL
FB TSLA YY CSIQ LVS PCLN GRPN
X SLW GG AEM SPWR WYNN
RALY....
YHOO reports AH ...expectations are Sales $1.08 billion EPS .33 cents....guidance for Q 4 Sales $1.25 billion & EPS 41 cents.....YHOO is expected to show improvement in "mobile ads"..which is an important metric.....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
Did the rest of my buying:
Bought YY @ 51.11
Bought X @ 23.09
Bought TNA @ 53.546
The TNA position was relatively large to use of the rest of my cash. I bought TNA because on the rally last week it outperformed my picks due to the fact that everything seemed to go up about the same 2%, which propelled the TNA up 6%.
Stocktrader
Hey Saleem,
I deployed all my cash because it appears politicians are sane enough to come to a deal within days as evidenced by fruitful negotiations in the Senate and a weakening coalition in the House, and all the discussed deals push the deadlines into next year, which should free up year-end spending and stock prices.
Stocktrader
Hi Stocktrader,
Good luck with your logical approach for exposure.....
As for politicians.....i do not think even a 3 yr old does not thinks much of them....
Saleem
Post a Comment