Monday, February 29, 2016

Indices down .11% to .21%.....

Indices are lower despite oil being up and Chinese central bank cutting reserve requirement for banks by .5% to stimulate economy.

S&P 500 @ 1944.23, low 1942.88, high 1958.27

Internals are positive

Oil UP $1.06

Gold UP $15.90

Canadian $ UP 1 tick @ .6499 US$

VIX UP 2.17% @ 20.24

Portfolio ABX BIDU CNQ CTSH FB JKS KSFT SBUX V 

Most stocks are UP

@ 2.42 following are red :

FB MSFT PANW RLYP GOOG NTES LNKD NXPI 
NFLX SINA EXPE VDSI CIEN ...webbroker down 



JKS reports before open on Tuesday, here are the expectations :

Q4 Sales $712.77 million, EPS $1.28

Q1 expectations Sales $542.81, EPS 95 cents

Expecting a very good report .....

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

It was really an amazing week despite the RLYP debacle. The overall portfolio was up 5.12% vs smaller gains for the indices. I am slowly crawling my way back out of the YTD hole! Big gainers were WLH (+34.0%), DKS (+11.4%), HUN (+9.6%), TREE (+8.9% upon selling), and NXPI (+8.7%). It really was a well-rounded incredible week--I think the bias is still higher despite sometimes myopic daily focus by traders.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Excellent performance by your portfolio.

Added 40% JKS in AH @ $24.67.

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the additional JKS. It is my favorite Chinese solar, but I have a hard time forecasting the business of solars generally.

Stocktrader