Indices closed down on Profit taking & deal uncertainty.
S&P 500 closed @ 1419.45, low today 1416.00
RSI @ 55.22
CMF @ 0.225
Internals were :
Down volume led by 2.64 to 1 in NYSE & 1.58 to 1 in Nasdaq
Declining stocks led by 2.37 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & by 6 in Nasdaq
VIX closed UP 3.82% @ 16.56
Oil closed @ $85.89
Gold closed @ $1696.80
In my portfolio :
Bought TCK @ $34.90
Rebought JCP @ $20.75
Portfolio is CRUS,LEN,KORS,JCP,TCK,AUY
Exposure 79%
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, S&P 500 have pulled back 1.57% in last 24 hrs, this is a "normal & healthy pullback". Indices are all set to go higher. Profit taking should be viewed as "entry point" in many stocks. I am hopeful that positive news on Fiscal Cliff should be obvious by Monday of coming week.
BLOG does NOT give buy or sell.
Saleem
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