Wednesday, May 21, 2014

Indices UP .59% to .83%....NICE !!!!

Indices are UP on oversold condition. Fed minutes discussed everything from procedures for rate hike, bond buying ending, Ukraine & Chinese slowdown.

S&P 500 @ 1884.00, high 1887.32, low 1873.34

Internals are positive

Oil UP $1.70

Gold Down $7.20

Canadian $ Down 22 tick @ 90.72

VIX Down 5.56% @ 12.24

Portfolio WUBA GRPN LULU MU OWW SWIR

WUBA reports before open on Thursday, expectations are :

Q1 Sales $44.58 Million, EPS 4 cents

Guidance Q2 Sales $57.80 million, EPS 12 cents

Expecting a beat.....

Most stocks are UP

@ 2.14 following are red :

GRPN OWW OTEX YELP TWTR COH AG EBAY
YUM ONVO CRUS BRCM AMCC JDSU
GMCR SPLK X STLD DATA AGU
MLNX......

BLOG does NOT give buy or sell.

Saleem

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