Indices were way down today....
S&P 500 closed @ 1355.49, low today was 1352.50
RSI @ 27.69
CMF @ -0.144
Internals were :
Down volume led by 11.48 to 1 in NYSE & 2.58 to 1 in Nasdaq
Declining stocks led by 8.62 to 1 in NYSE & 4.04 to 1 in Nasdaq
Net new 52 wk lows were leading by 185 in NYSE & 124 in Nasdaq
VIX closed UP 7.63% @17.92
Oil closed @ $86.32
Gold closed @ $1730.10
In my portfolio :
Sold LVS
Bought APKT @ $18.71
Portfolio is APKT,AMZN,CF,JCP
Exposure 49%
AH ER :
NTES Down 2.58%
NTAP UP 10.24%
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, internals are telling me that we may have reached selling climax today. We may start to get our footing back & start building for higher ground. Technically we are "deeply oversold". RSI in S&P 500 has reached extreme bearishness. Hopefully we see better tone for Thursday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi S
Was hoping for better tone--not
Was sorry to see you sell LVS --was that a winner?
The Unemployment numbers disappointed market-- causing this sell off?/ Or maybe Israeli going to war again !!!!! Or does USA over the fiscal cliff--seems like it will happen
Do not under estimate Obama reelected market effect--market is sacred of taxes and health care-and its consequences.......
We may go lower all IMHO
Best to all
C
Hi Click,
Considering the list of issue we are facing...market is holding pretty good.....
Cheer up its not that bad.
Saleem
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