Indices are ahead of Fed minutes which is expected to be market friendly.
S&P 500 @ 1789.89, high 1795.73
Internals are positive
Oil UP 22 cents
Gold Down $14.50
Canadian $ UP 17 tick @ 95.68
VIX Down 3.06% @ 12.98
Portfolio FNSR SINA TSL
Most stocks are UP
@ 1.32 following are red :
MU AMZN BIDU TWTR KORS TSLA QIHU
AAPL LNKD GMCR DNKN CMG YUM
EBAY YNDX GRPN RVBD ARUN
BRCM AMCC C SBUX MCD
EGO GG AEM MGA TRLA
Z MLNX.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Made a few moves near close:
Sold my speculative position in ZU @ 35.118. It didn't work as expected and if we have a "risk off" move there could be quite a bit of downside still.
Sold MS @ 30.275. MS is vulnerable to a general risk off move, and I wanted to move into a "financial" that could directly impact from tapering.
Bought FXCM @ 15.86. I expect greater currency volumes going forward in a volatile environment as people try to figure out this taper. Also, they slightly benefit from higher rates due to customer cash balances. Both the chart regaining the 200 DMA even in this multi-day downturn, and the MACD seemingly confirming the up move contributed to my buy.
I considered selling SODA on the poor price action today, but it seems so cheap! I'll wait a little longer and see what happens.
I have some cash available still for a move into EXPE or something else if we dip more.
Stocktrader
Hi Stocktrader,
Was out to do some chores, came back around 9 PM.....
Saw your note re sale of MS ZU & buy of FXCM.....
Doing homework for BLOG post for tonight.....
Saleem
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