In slow holiday trade indices had fiscal cliff hangover.
S&P 500 closed @ 1426.66
RSI @ 53.36
CMF @ 0.062
Internals were :
Down volume led by 1.71 to 1 in NYSE & 1.80 to 1 in Nasdaq
Declining stocks led by 1.48 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 36 in NYSE & 26 in Nasdaq
VIX unchanged @ 17.84
Oil closed @ $88.72
Gold closed @ $1659.50
Canadian $ closed @ 100.87
Portfolio is CRUS,KORS,JCP,TCK,AUY
Stocks which closed UP included CRUS,KORS,JCP,
HMC,YHOO,CMG,CF,AMZN,AAPL,PANW,
GG,LULU,DNKN,LNKD,MA,V,FB,GMCR,
QCOM,ARNA,X,SLW,MS,BJRI,AGU....
Next post on Wednesday by 2 PM....
BLOG does NOT give buy or sell.
Have a very happy Christmas !!!!!
Saleem
4 comments:
Hey Saleem,
Hope your holidays went well! Our mini vacation was lovely and everyone had a great time!
Shanghai was up 2.5% overnight (they trade on Christmas)--could provide a backdrop for decent session even if fiscal cliff fears linger.
Stocktrader
Hi Stocktrader,
I am glad your get together was enjoyable.
It was a pleasure to see my youngest sister & her family after 20 years....
Late night took a toll on me..not used to staying up so late....went to bed @ 4 AM.......
Markets on lowest volume of the year is unpredictable.....
Canadian $ gave me a boost of 1.79% on Monday.......prior week was a loss of 4.13%....all due to Canadian $....
Pre-market not looking encouraging.
Saleem
Hey Saleem,
AAPL is really weighing on me mentally despite that fact that the 1% moves don't matter too much. I feel like I should really be in a TM or something again to play that ever-weakening yen.
Stocktrader
Hi Stocktrader,
Any stock which is near low end of trading range brings pressure on Portfolio......
Your focus on TM is better as it is near high end of its trading range...
Good luck with your decision....
Saleem
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