Wednesday, March 30, 2016

Indices UP .50% to .55%.....NICE !!!!

Indices are higher on dovish comment by Fed chief yesterday, there is more Fed speak to support that view today.

 S&P 500 @ 2065.38, high 2072.21, low 2058.27

 Internals are positive by more than 2 to 1

 Oil UP 6 cents

 Gold Down $9.20

 Canadian $ UP 1.10 @ .7036...highest level in 6 months

 VIX Down 1.81% @ 13.57

 In my portfolio :

 Added 100% ABX @ $13.88

 Sold QRVO @ $51.26

 Portfolio ABX  CMG JKS MSFT NTES JCP SBUX TWTR V

 Most stocks are UP

 @ 2.18 following are red :

 ABX JCP FEYE NXPI FB GG LVS NFLX TSLA AMBA M
SLW AEM DATA VRX......

 BLOG does NOT give buy or sell.

 Saleem
at

9 comments:

  1. stocktrader_1996March 30, 2016 at 11:45 AM

    Hi Saleem,

    Sold HUN @ 13.38 to take profits.

    Stocktrader

    ReplyDelete
  2. Stocks100March 30, 2016 at 11:50 AM


    Hi Stocktrader,

    Good moves in booking $$$$$.

    Saleem

    ReplyDelete
  3. stocktrader_1996March 30, 2016 at 11:51 AM

    Hi Saleem,

    Sold URI @ 62.80

    Maybe I'm getting too excited selling here, but seems like once I make up my mind about the market in a certain way, I tend to move a lot in that direction.

    Oil not responding well to pretty good inventory numbers tells me that oil may need to take a break. I'm trying to position for that somewhat.

    Stocktrader

    ReplyDelete
  4. stocktrader_1996March 30, 2016 at 12:02 PM

    Hi Saleem,

    Sold BAC @ 13.50

    With an eye towards earnings, I think the financials will be a sell the rumor trade after many parts of their business experienced a difficult quarter.

    Stocktrader

    ReplyDelete
  5. Stocks100March 30, 2016 at 12:14 PM


    Hi Stocktrader,

    Bought CNQ @ $26.79.

    Saleem

    ReplyDelete
  6. Stocks100March 30, 2016 at 12:43 PM

    Hi Stocktrader,

    Always good to follow your strategy.

    Saleem

    ReplyDelete
  7. stocktrader_1996March 30, 2016 at 1:45 PM

    Hi Saleem,

    Good luck with CNQ again!

    My portfolio now sits at only: WLH GM MET NXPI. Long exposure: 42%.

    Stocktrader

    ReplyDelete
  8. Stocks100March 30, 2016 at 1:53 PM


    Hi Stocktrader,

    42% exposure @ this stage is not bad.

    I remain @ max exposure but with different strategy.

    Rotating between good stocks.

    Saleem

    ReplyDelete
  9. stocktrader_1996March 30, 2016 at 3:04 PM

    Hi Saleem,

    Yes, as you know I am always uncomfortable being in cash, so I'll likely be a buyer on any dip :)

    Stocktrader

    ReplyDelete