Indices are down for many reasons....ECB board member resigns on policy dispute.....Greek default being replayed.....911 security worries.....plus the anticipated political drama in US.....SO HFT jumped on short bandwagon...because it WORKS......
S&P 500 went to 1150.91 which is HIGHER than previous lows of 1101....1121...1140.....so we are TESTING will of traders & technical support...all these RETEST are being done every week for the last FOUR week...BUT we are holding above all RETEST numbers.....HIGHER LOWS being made each time....
Another surprising positive is that CMF is positive 0.045 in S&P 500 ?????
Internals of the market are negative by minimum 6 to 1
New 52 wk lows are in the lead, 183 in NYSE & 127 in Nasdaq
Oil Down $2.16
Gold UP $1.16
Canadian $ Down 65 tick @ 100.44..Canada lost over 5K jobs
VIX UP 13.26% @ 38.87
Portfolio is APKT,AMZN,BIDU,PLCM
LULU reported before Open...they beat, BUT guiding lower EPS for Q3. LULU Down 5.81%...not bad considering this market....
Most stocks are Down.....
@ 1.39 PM following are Green :
SNDK,ULTA,MU.....
BLOG does NOT give buy or sell.
Next post on Sunday by 2 PM
Saleem
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