Indices Down .47% to .69%....

Indices were down again.......

Internals were mostly negative by almost 2 to 1....

This correction has interesting characteristics as listed below :

S&P 500 Down 2.12% ..All stat are from low point today to absolute high point of few days ago..

Nasdaq Down 2.73%

Dow Down 1.58%

BUT many stocks broke down big time.....I will list my holdings down slide :

LULU Down 12.31%

POT Down 11.94%

SINA Down 21.38%

APKT Down 15.17%

I always compare indices against my holdings & try to find reasons for disconnect....the biggest reason for disconnect in my holdings was, that they all ran UP huge %..thus time was ripe for a giveback.....

@ higher levels in indices & in stocks...i have a tendency to trade frequently & book any profit.

I have a feeling, indices have discounted lower than expected Jobs report for Friday ?

RSI in my above 4 holdings are as follows :

LULU 50.13

POT 35.90

SINA 47.43

APKT 49.64

As you can tell, that these are attractive buy point......

AH ER JDSU +9.25% on beat & acceptable guidance

AH Futures UP

AH Asian markets Mixed

AH Gold UP

AH Oil Down

BLOG does NOT give buy or sell.

Saleem