After a sharply lower open buyers scooped up bargains and we are @ high of the day.
S&P 500 @ 2084.28 high 2086.99, low 2056.52
Internals are positive by almost 3 to 1 in NYSE & by 60% in Nasdaq
Oil UP $2.72
Gold UP $17.30
Canadian $ UP 18 tick @ 74.36
VIX Down 1.02% @ 14.52
Portfolio AKS BBRY GPRO LULU KORS SWIR VDSI
Most stocks are UP
@ 2.19 following are red :
AKS LEN YHOO BIDU BABA FFIV AAL X STLD
Z MLNX.....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold TTPH @ 35.553.
This was really a bummer move today as it rocketed up in the morning only to fall the whole rest of the day as the market moved progressively higher.
I fear the secondary is weighing on the stock short term, and the fact that an analyst gave positive comments to GILD and it is also down tells me biotech stocks just don't want to move yet. I'll go back to the sidelines...
Stocktrader
Hi Stocktrader,
YES it is disappointing when some stocks go south in a strong TAPE.
Saleem
Hi Saleem,
I might use that cash to buy some GM in the morning after the secondary announcement...was waiting for a good re-entry, $35.55 hopefully?
Stocktrader
Hi Stocktrader,
GM stake by Canadian Govt of 73.4 million shares was sold to GS closing on Friday......
$35.50 is easy IF you have your buy order in.....
Good luck !
Saleem
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