World markets were given another uncertainty by Greek politicians, their inaction or inability is causing grief for the entire world markets again & again......3 years of drama is enough, Germany will make the decision soon to end this daily trauma.
S&P 500 went down to 1336.61, RSI @ that point was 33.04, signalling washout condition.
Currently, indices are down .38% to .47%
Internals are negative by minimum 2 to 1
Oil Down $1.69
Gold Down $23.20
Canadian $ Down 7 tick @ 99.83
VIX UP 5.48% @ 20.98
Portfolio is COH,LSI,LVS,LNKD,RIMM
Most stocks are down
@ 2.01 following are green :
RIMM,LNKD,LSI,BIDU,APKT,LEN,FCX,GOOG,
OTEX,CRM,V,ZNGA,JDSU,CIEN,SNDK,NDAQ...
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
It is hard to stay in risk assets when the market continues to be under pressure. My portfolio is up today thanks to some key stocks, but I can't find any good reasons to own the overall market here with so much unresolved overhang (good sign?). This leaves me in tough places with some stocks that are so oversold like CLF at 23.5 RSI and FXCM at 18.6 RSI.
I feel we are nearing an emotional bottom.
Stocktrader
Hi Stocktrader,
Europe is a huge overhang...Greece & Spain are Pain 1 & 2.....i do not know what the end game is & WHEN....
BUT..sometimes market goes up when those issues are discounted for the short term...ARE WE THERE YET????
Saleem
Hi Saleem
LNKD is one hot potato today
Good for you
As I predicted Greece may get the boot yet --out of Euro!
Wish that was over --not today
I was so hoping for a green close
VBTA
Hi C,
Closing near low is discouraging.
Thanks for your feedback about LNKD.
Saleem
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