Housing numbers further eroded confidence in economic health of US......
All indices sold off & closed near lows of the day.....NOT a healthy technical picture....
Only Nasdaq closed above 200 DMA......which is a good thing......
Nasdaq was UP 7 days in a row & now is Down 2 day's in a row.....
RSI in S&P 500 is 46.94...still healthy...
Lot of pessimism has crept up in last two day's..which is healthy for the market...
When market is jittery make sure your stocks are relatively better performers....weed out weak ones ASAP....
In my portfolio :
Sold SOLF
Portfolio is BIDU,CNQ,CREE,LVS,SNDK,TCK.....
Exposure in market came down to 91% from 105%....
VIX closed UP 8.72% to 27.05
AH Futures mixed
AH Asian markets Down
AH Oil & Gold Down
BLOG does NOT give buy or sell.
Saleem
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