Indices are trading near high of the day, Taper is not an issue as it IS a sign that US economy is improving which is good for the market.
S&P 500 @ 1795.60 @ absolute high of the day.
Internals are positive by almost 3 to 1
Oil UP $1.41
Gold Down $15.00
Canadian $ Down 65 tick @ 94.82
VIX Down 7.09% @ 12.45
Portfolio FNSR SINA TSL
Most stocks are UP
@ 1.55 following are red :
CIEN EBAY M SPLK X EGO SLW GG AEM
JCP BBRY WLT AGU....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI think ARUN is really interesting here. Based on the negative analyst commentary about guiding for a slight Q2 miss, and the disaster of CSCO, the street might have expectations set low enough for a nice post-earnings bump.
Stocktrader
Hi Stocktrader,
ReplyDeleteI definitely agree with your thesis on ARUN....
I am planning to join you just before close....IF i do that..i will post my purchase in BLOG as EOM..
Saleem
Hey Saleem,
ReplyDeleteAmazing numbers and guidance out of SPLK. I guess there was a good reason that stock stayed so strong for much of the high beta selloff.
Stocktrader
Hi Stocktrader,
ReplyDeleteGreat news for SPLK....
cc on ARUN @ 4.30
Saleem