Nasdaq is the weakest today as it has outperformed lately.Yesterday RSI shot up to 78.18 @ close vs recent high of 76..so a pullback was expected..currently RSI is 65.20 which is much better for another run for the roses....
Those who are keeping track Nasdaq went UP in a straight line from August low of 2099.29 to yesterday's high of 2766.17 a jump of 666.88 points or UP 31.77%......so a pullback to 2731.03 is normal & healthy......
Many traders & institutions will jump in on any weakness which may be extremely short-lived.
Gold UP $2.60
Oil Down 28 cents
Canadian $ Down 37 tick @ 100.46
VIX UP 5.8% @ 16.79....small move on a down day ???
Portfolio is FFIV,MGM,PCLN,RVBD.....
FFIV reports AH,expecting a beat & guide UP.......
Most stocks are Down
@ 1.31 PM following are UP :
AAPL,MGA,SOHU,CCME,FMCN,CSIQ,
JKS,SPWRA,SNE,DLTR.....
BLOG does NOT give buy or sell.
Saleem
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