Indices are down 3 days in a row. Its lower lows all 3 day's.
Currently indices are down .36% to .84%.
S&P 500 low today is 1391.56, its down 27.59 points from absolute intraday high of 1419.15 or 1.94%. They say on Wall Street that after 3 days of selling, we get oversold, it MAY be true in this selling also.
RSI @ 55.79
CMF @ +0.216 HIGHER than yesterday, good sign for bulls.
Internals are negative by 3 to 1......
Oil Down $2.14
Gold Down $6.30
Canadian $ unchanged @ 100.13
VIX UP 8.34% @ 16.76
Portfolio is CNQ OTEX JCP, RIMM,RVBD
Most stocks are Down
@ 1.50 following are green :
RVBD,AMZN,VMW,CRM,APKT,KOG,SLW,FNSR....
BLOG does NOT give buy or sell.
Saleem
4 comments:
S
THe market has made a nice turn around
Hurray
C
Hi C,
DONT believe everything i predict....
Saleem
Hey Saleem,
I sure missed some great entries on those stocks I mentioned earlier. Now that they've worked off the oversold condition so quickly, it becomes a much harder trade.
Stocktrader
Hi Stocktrader,
I am sure, once you start nibbling, you will feel more confident....you MAY have missed $2 from lows..BUT there is more than $2 in every stock you mentioned....
Saleem
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