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
4 comments:
Hey Saleem,
I 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,
I 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,
Amazing 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,
Great news for SPLK....
cc on ARUN @ 4.30
Saleem
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