Wednesday, February 6, 2013

Back to the Green


Yesterday's green, means we are not getting a healthy correction yet, may be time to start leveraging long.

China PMI 54 v 51.7, with Goldman Sachs commentary looking for a GDP print of 8.2-8.4% in 2013, marking the end of it's downtrend.

Australia's earnings season has been inline to moderate results and thus I'm continuing to allocate towards US equity, with COH a small miss, and MQG with a lower guidance than expected.

Last night ZNGA beat earnings with 0.01eps vs -0.02 as expected, as saw a 13% spike in it's price.  I unfortunately didn't get the bid I was looking for in the stock during the one day that the stock had sold off to 2.55.

Visa reports Thursday, credit expansion will benefit Visa, Mastercard  , Paypal(EBAY). 

Earnings for LinkedIn and ATVI coming in Friday - I'm looking for a position in LNKD and still holding ATVI.

Gold and silver - will it or won't it?  . I've got SLV, GLD, and GLD options in my holdings.