Dow & Nasdaq are above 50 DMA & 200 DMA...S&P 500 is about 11 points away from crossing 200 DMA......
Internals were strong.....
Those are good news...BUT
RSI is creeping UP to 57 area......Highest since May....remember 60 may be a sell zone...
VIX closed Down 4.71% to 23.47...another caution.....22 is a buy in VIX....
Many stocks had huge % move UP today....
In my portfolio :
Sold CREE
Sold LRCX
Portfolio is CSIQ,EGO....
My exposure went down to 40%
When everyone is optimistic & think all is clear....i start to worry......thus my sell sell sell....
Next post by noon on Saturday.
BLOG does NOT give buy or sell.
Saleem
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