Indices took a roller coaster ride.....First S&P 500 went UP to 1307.38...then down to 1274.73 a drop of 2.5%...then another recovery by close to 1286.94 a .96% move UP from low....@ close S&P 500 is above 200 DMA of 1285.41.....
RSI @ close is 39.34....deeply oversold condition
Internals were negative......
Here is the RSI in my stocks plus some popular ones for review :
GG 37.63
FFIV 35.47
LULU 61.08
RVBD 31.49
BIDU 63.26
AAPL 71.87
AMZN 63.00
PCLN 57.96
JCP 33.32
POT 51.87
AGU 48.51
You can see how market is giving different focus @ this time.
Market has been tough & remains tough, please manage your exposure. I go from high fliers to dull stocks on purpose.....to deal with market tantrums...please remember nobody is smarter than market. All we can do is manage risk....sometimes boring stocks can brave downtrend better.
ER were as follows :
SOHU <12.16%>
CYOU <11.11%>
SO..it is important NOT to play earnings game......
AH Futures Down
AH Asian market Down
AH Oil UP
AH Gold UP
AH Silver UP
BLOG does NOT give buy or sell.
Saleem
4 comments:
S
THis day is one confusing day to trade
I thought hat APPLE was going down--now it is side ways
BIDU is strong as is SIAN and SOHU
POT is looking tasty
Hi C,
POT is definitely tasty.
BIDU wants to make new high.
Saleem
SALEEM
Hey good buddy
I got some POT at $57.25
Lets see the close
any buys for you??
Hi C,
So far no buys...but you never know ?
You are making money in POT already..good pick & price point !!!!
Saleem
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