Fed statement outlines the following :
- Tapering reduced by another $10 Billion to $55 Billion
- Rate hike not tied to rate of unemployment
- Growth slowed due to winter
S&P 500 @ 1869.61, high 1874.14, low 1863.27
Internals are negative
Oil UP 25 cents
Gold Down $26.80
Canadian $ Down 1.02 cent @ 87.64..Canadian Central Bank made statement that interest rate will remain lower & GDP growth to be lower than before. Finance Minister tendered his resignation for personal reason which market is not happy, he was well respected.
VIX Down .96% @ 14.80
In my portfolio
Bought EGO @ $6.69
Portfolio EGO KOG LULU MU TSL
Most stocks are down
@ 2.23 following are green :
KOG LULU TSL BBRY LNKD NFLX KORS
AAPL CSIQ LEN CMG FFIV SPWR C
SNDK SBUX X STLD MS TRLA Z
GS MLNX.......
BLOG does NOT give buy or sell.
Saleem
Hi Stocktrader,
ReplyDeleteAdded 210% EGO @ $6.34....
Saleem
Hey Saleem,
ReplyDeleteGood luck with EGO. All trades are difficult right now.
Stocktrader
Hi Stocktrader,
ReplyDeleteMU has become a tough trade for me while SNDK is flying?
Saleem
Hey Saleem,
ReplyDeleteMU had some kind of fire I think. Probably the reason for that divergence.
Stocktrader
Hey Saleem,
ReplyDeleteActually (and I should have checked this first), here's the note I read:
08:21 EDT MU
theflyonthewall.com:
Micron production drop positive, says Wedbush
After Micron (MU) estimated that an earthquake off the coast of Japan on March 13 would reduce DRAM production at its Hiroshima fab by a low-single digit percentage over the next 90 days, Wedbush thinks the reduction will be a near-term positive. The firm views Street Q2 estimates for the company as too high, but it believes that volatility in the stock could create attractive entry points for long-term investors. It keeps a $27 price target and Outperform rating on the shares
:theflyonthewall.com
Stocktrader
Hi Stocktrader,
ReplyDeleteThanks for this analyst note for MU.
Saleem