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
1 comment:
Hey guys,
I'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
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