Friday, September 2, 2011

Indices down 2.12% to 2.57% on no job creation......

Indices are under pressure as no job was created, this was below most bearish forecast.

Low in S&P 500 so far is 1173.76....this is a pullback of 4.48% from yesterday's HIGH..this is a sharp pullback in 24 hrs of trading.....RSI 44.39

Internals of the market are as follows :

Down Volume led by 6.57 to 1 in NYSE & 11.68 to 1 in Nasdaq

Declining stocks are leading by 4.78 to 1 & 5.18 to 1 in Nasdaq

New 52 wk lows are in lead in both NYSE & Nasdaq

VIX UP 4.31% @ 33.19

Oil Down $2.89

Gold UP $47.90

Canadian $ Down 76 tick @ 101.68

In my portfolio :

Sold KGC

Bought APKT @ $ 45.75

Portfolio is APKT,BIDU,NFLX

$ weighting are as follows :

APKT 37.80%

BIDU 31.27%

NFLX 30.93%

Market exposure is 48%

Most stocks are down

@ 2.19 following are UP :

KGC,AUY,GG,GLD,VXX,AG,SLW,
FNSR,ABX,AEM.....

BLOG does NOT give buy or sell.

Next post by 2 PM Sunday...

Saleem

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