Indices are lower today & near low of the day,reason for weakness could be lower Oil....
S&P 500 @ 2077.76, low 2073.31, high 2084.05
Internals are negative
Oil Down 75 cents
Gold Down $2.10
Canadian $ UP 17 tick @ 73.44, January GDP came in better than expected, shrank .1% vs expectations of negative .2%
VIX UP 2.76% @ 14.91
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
Most stocks are down
@ 2.36 following are green by @ least 1% :
BBRY GPRO QIHU YY PCLN JCP TWTR MU
WUBA CSIQ M MGA ....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
Did some selling as the quarter closes and earnings season approaches:
Sold half FB @ 82.405
Sold half SPLK @ 59.154
Sold GM @ 37.481
Sold HUN @ 22.114
Sold C @ 51.605
I expect a "show me" quarter which might indicate more weakness ahead first.
Stocktrader
Hey Saleem,
This puts me at ~46.5% cash.
Stocktrader
Hi Stocktrader,
Market is tough, today's TAPE was extremely disappointing.
Raising cash will provide better opportunity when you are ready.
Saleem
Post a Comment