Indices are mixed after Fed statement of no change in interest rate.
S&P 500 @ 2095.75, low 2088.86, high 2103.67
Internals are negative
Oil Down 20 cents
Gold UP $1.10
Canadian $ UP 10 tick @ 77.19
VIX Down 1.08% @ 14.65
Portfolio AKS BBRY GPRO LULU RAD SWIR VDSI
Most stocks are down
@ 2.37 following are green :
BBRY GPRO LULU VDSI VIPS BITA FEYE QIHU YY
YHOO BIDU TSLA BANA FB MU WUBA LVS CSIQ
SINA HIMX CRUS AMCC CIEN AMBA JCP AAL
M SPLK ABX SLW GG AEM CSOD WYNN....
RAD reports before bell Thursday, here are the expectations :
Q1 Sales $6.65 Billion , EPS 3 cents
Q2 expectations Sales $6.71 Billion, EPS 7 cents
I am expecting a beat on Q1.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
I think the Fed is sounding more dovish than I expected. I might have to start buying again...
Stocktrader
Hi Saleem,
Upon even further thought, I think the Fed's insistence on "data dependent" is a good thing for growth stocks since I think the world economies are not strong enough yet to force bond yields or interest rates much higher. I expect the Fed to raise rates at a slower pace than current expectations, which should keep growth stocks driving higher.
Stocktrader
Hi Stocktrader,
We may have one rate hike of 1/8% in 2015......
Saleem
Hi Saleem,
I have 73.3% cash with today's sells. I will deploy pieces into any Greece dips.
Stocktrader
Hi stocktrader,
Good luck with "buy the Greece dip approach"
Saleem
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