Indices are trying for an UP day after a long time.
Currently indices UP .79%
Internals are slightly positive..
New 52 wk lows 248 in NYSE & 183 in Nasdaq
VIX Down 2.86% @ 41.82
In my portfolio :
Sold LULU
Sold RVBD
100% cash
I do not see too much strength in this market. After four weeks of selling, i was expecting strong technical bounce. I have a feeling that we may go below 1100.......which may trigger "bear market 20% down "
I will wait for buying into strength.
Oil UP $1.99
Gold UP $39.80..another record high @ $1889
Canadian $ UP 15 tick @ 101.15
Most stocks are UP
@ 2.27 following are RED :
RVBD,CMG,FCX,MOS,MPEL,LVS,WYNN,
SU,JKS,C,BAC,AMZN,CNQ,CTRP,FMCN,
GS....
BLOG does NOT give buy or sell.
Saleem
Hey guys,
ReplyDeleteI'll be looking at China's flash PMI tonight along with the market reaction. I'm not sure what bulls would want, but maybe enough of a slowdown to kill the inflation concerns without killing the overall growth story?
As for TZOO, I bet Cramer says good story but hates tech stocks and so advises to wait.
Stocktrader