Indices are reacting negatively to US politicians incompetence & self serving agenda, country's interest is not part of their doctrine.
France is also in focus as per rating agency.
Indices are down 2.5% so far.
Internals of the market are as follows :
Down volume leading by 24.56 to 1 in NYSE & 11.01 to 1 in Nasdaq
Declining stocks are leading by 8.12 to 1 in NYSE & 5.16 to 1 in Nasdaq
New 52 wk lows are in lead by far 188 in NYSE & 320 in Nasdaq
S&P 500 went to 1183.16 @ low of the day
RSI @ 41.61
Gold Down $50.30
Oil Down $1.35
Canadian $ Down 91 tick @ 96.39
VIX UP 6.47% @ 34.07...this is surprisingly tame, good news for bulls ?
In my portfolio :
Bought CLF @ $64.72
Bought CNQ @ $34.74
Bought LVS @ $43.40
Portfolio is BIDU,CNQ,CLF,FRO,LVS,PCLN,RVBD
Most stocks are down
BLOG does NOT give buy or sell.
Saleem
4 comments:
Saleem,
You were very brave on buying stocks when people tried to flee. I am looking for some entries as well. CLF is a very good candidate.
Michael
Hi Michael,
I have seen many type of markets over the years.....it is price which makes a good buy.....
CLF i have studied since you mentioned 6 months ago.....looks very good !!!!
Saleem
Hi Saleem
Today's close is not what i am hoping for, it fail 1206. Stocks coming back due to it's oversold condition. But in the other hand, most stock closed with a hammer. Hope we will do better tomorrow since it's Thanksgiven week and stock tend to act positive
Hi Up,
When indices are dealing with double whammy, it is important to note close above lows.....
One day @ a time, we build from here......
Saleem
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