Wednesday, 10 September 2014

Indices UP .26% to .59%....NICE !!!!

Indices are near high of the day after testing support near 50 DMA.


S&P 500 @ 1993.80, high 1996.25, low 1982.29


Internals are mostly positive.


Oil Down $1.23


Gold Down $1.00


Canadian $ UP 35 tick @ 90.56


VIX Down 3.11% @ 13.08


Portfolio EGO FB LULU MU MITL RAD


LULU reports Q2 before open on Thursday, here are expectations :


Q2 Sales $376.80 million, EPS 29 cents


Guidance Q3 Sales $421.85 million, EPS 38 cents


I think, it will be an inline result and guidance as expected...that may be taken as positive, short interest is 23% which can result in short covering.......


Most stocks are UP


@ 2.23 following are red :


EGO LULU QIHU GTAT SWIR GG YY BIDU

WUBA LVS DNKN SU EBAY FSLR SPWR

INVN YNDX HIMX CRUS SNDK AMCC

LSCC CIEN M SBUX X STLD ABX

SLW AEM MGA WLT AGU......


BLOG does NOT give buy or sell.


Saleem







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