Indices are staging an oversold bounce.
S&P 500 @ 1824.75, high 1834.19
Internals are positive
Oil UP 30 cents
Gold UP $8.60
Canadian $ UP 22 tick @ 90.43
VIX Down .41% @ 16.96
Portfolio WUBA GRPN LULU MU OWW RAD
Most stocks are UP
@ 2.19 following are red :
WUBA COH LNKD TSLA KORS TSL AMZN
SINA AAPL FSLR SPWR ONVO YNDX
RVBD CRUS BRCM JDSU FNSR M
GMCR TRLA Z MLNX LEN YY
FB....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
I'm starting to feel gold a bit here--first time I've said that in a long while. In a market dominated by confusion and with some geopolitical risk, it might make sense from more than just from an oversold perspective.
Stocktrader
Hi Stocktrader,
Best way to play gold is through GLD....
Saleem
Hey Saleem,
Yes, I'm trying to buy some Apr 130 calls for my trading account right now.
Stocktrader
Hi Stocktrader,
Good luck $$$$$
Saleem
Hey Saleem,
Great bounce off the lows and in the institutional hour.
No major warnings after hours today either--another good sign. Maybe we've found that stabilization for a while :).
Stocktrader
Hi Stocktrader,
Close was strong..we need a confirmation of this rally on Tuesday close & a close above 50 DMA in Dow & S&P 500...which is doable...
Saleem
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