Indices are reacting to positive environment for negotiation & extension of debt ceiling.
S&P 500 @ 1682.22, high so far 1685.43
Internals are positive by 5 to 1
Oil UP $1.75
Gold Down $9.70
Canadian UP 8 tick @ 96.28
VIX Down 14.80% @ 16.70
Portfolio AMCC FNSR JKS MU YHOO
Most stocks are green
@ 2.04 following are red :
GMCR YUM RVBD PANW GG CCJ
TRLA Z .....
MU reports AH, Sales are expected to be $2.71 Billion EPS 25 cents, guidance expected Sales $3.61 Billion EPS 47 cents.....MU is a turnaround story with strong fundamental improvement.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
I am really tempted to add to X for a breakout, especially with AA pushing past its 200 DMA. I have one speculative position available.
Stocktrader
Hi Stocktrader,
X looking all set for a "breakout" & more .....
Saleem
Hey Saleem,
Sold OMED @ 14.63 average. Something seems wrong with this stock...they keep reporting news but the sell pressure is so heavy. I'll wait for better technicals. With these biotechs, missing the first 10-20% move is not so bad since they often move much more.
Stocktrader
Hi Stocktrader,
Yes..it is important to watch TAPE in every stock.....
Good luck with new entry.
Saleem
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