Indices fought bad economic reports & are moving UP..
Indices were oversold going into bad economic data.
Internals are positive by over 2 to 1
More new 52 wk highs in NYSE & Nasdaq
Gold Down $7.10
Oil Down 84 cents
Canadian $ Down 15 tick @ 102.11
VIX Down 5.86% @ 16.07..getting close to lower end of the range
Portfolio is LULU,SVM,TZOO,CCJ.....
Most stocks are UP
@ 2.16 following are RED :
LULU ( downgrade), TZOO, SVM,CCJ,( batting 0/4..on UP day)
PWRD,SLW,AG,AAPL,GOOG,EXPE,SOHU,V,CNQ,NVLS,
FMCN,RCI,ECA,NDAQ,MFC,NYX,FSLR,TTM,SNE,GNK...
BLOG does NOT give buy or sell.
PS..had to step out..thus delay in posting.
Saleem
Saleem,
ReplyDeleteDo you think TZOO is in consolidating before moving up or something else? Thanks.
Michael
Hi Michael,
ReplyDeleteTZOO TAPE became weak after hitting $75+ 2 days ago....
Volume is below average....
Let us watch how it closes.
Saleem
Hi Michael,
ReplyDeleteI looked @ TZOO TAPE after close.
Its recent low week of May 16 was $63.20....it worked its way back UP to $75.48.....a rapid jump of $12.28 or 19.43% in 3 straight days...
Since then or in last 4 trading days it has given back $4.40 or 5.83%......
TZOO 50 DMA is $72.15 where it goes daily but has closed below 2 days in a row.......
MY GUT tells me to stay with TZOO as these are normal back & forth...
Todays volume was below average also....
I am staying with TZOO for now !!!!
Saleem