Indices are taking on the chin again, after a much needed technical bounce.
As we are taking out lows again........there is a very good chance that today's low MAY hold.
S&P 500 went to 1263.54 as low so far....
RSI is @ 34.56..higher than previous day's low....performing relatively better than two day's ago ?
Internals are negative by almost 4 to 1
Gold UP 20 cents
Oil Down $3.46
Canadian $ Down 1.32 cent @ 101.90
VIX UP 13.47% @ 20.72....fear is pretty high today, after anaemic move UP yesterday.
How to invest or trade.... Focus on stocks which are UP or which are down less than others.....that is a sign of "relative strength".....it is the stock selection which CAN make you money not direction of market on a daily basis.
I expect market to remain challenging till Sep..UP, DOWN, UP, DOWN......
In my portfolio :
Bought SOL @ $5.55
Portfolio is AAPL,CNQ,LULU,SOL,TZOO
@ 1.22 following are Green :
TZOO, LULU,NTES,CMG,BWLD,STP,
LDK,GG,AEM.....
BLOG does NOT give buy or sell.
Saleem
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