830 AM brought the news of job growth of only 115K, far cry from 168K expectations.
Indices closed near lows of the day.
S&P 500 low was 1367.96, closing @ 1369.10....RSI @ 42.73
All indices are well below 50 DMA
Internals were :
Down volume led by 6.33 to 1 in NYSE & 10.38 to 1 in Nasdaq
Declining stocks led by 3.09 to 1 in NYSE & 4.23 to 1 in Nasdaq
New 52 wk lows were leading by 5 in NYSE & by 53 in Nasdaq
Oil crashed to close @ $98.49
Gold closed UP @ $1645.20
Canadian $ down 65 tick @ 100.48
VIX jumped 9.11% @ 19.16
Stocks which closed green included LNKD,
V,GG,VECO,MU,EGO,TSL,YGE,NYX,
BJRI,KOG.....
Portfolio is COH,LSI,LVS,LNKD,RIMM
Here is my current $ weighting :
RIMM 38.19%
COH 34.54%
LNKD 14.88%
LVS 6.87%
LSI 5.52%
Exposure 89%
Next post by 2 PM Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
It was definitely a challenging week. I think today's poor action was partly reflective of elections this weekend in France and Greece. I look for Monday to have a better "buy the news" tone, but we need a couple better tone days to regain some momentum.
My portfolio is as follows:
APKT - 9.8%
CF - 9.4%
DOW - 9.3%
MET - 8.5%
FCX - 8.5%
LEN - 8.3%
PFPT - 8.3%
OCZ - 7.8%
CLF - 7.6%
FXCM - 7.3%
PMTC - 6.9%
ZNGA - 5.8%
APWC - 2.3%
(cash) - 0.2%
I didn't make any moves this week, but received dividends from FCX and FXCM. This week brought more earnings and more post-earnings negative reactions, although the business stories seem intact. I don't have any specific stocks I'm targetting for sale, but neither do I have stocks on my watch list I am excited to buy. It might be another quiet trading week for me.
Have a great weekend! :)
Stocktrader
Hi Stocktrader,
Thanks for your take on market.
We all looking forward to next week, hopefully we should do better.
Enjoy your weekend with family, hopefully everyone is back to good health.
Saleem
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