Indices pulled back in last hour as US getting ready to fire cruise missile on Syria.
S&P 500 @ 1656.78, low 1656.02
RSI @ 43.94
CMF @ -0.059
Internals were :
Down volume led by 1.90 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.42 to 1 in NYSE & 1.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & by 97 in Nasdaq
VIX UP 7.22% @ 14.99
Oil @ $105.92
Gold @ $1393.10
Stocks which closed green included ANR CLF AUY
QIHU YY GRPN AGU POT LEN GMCR FB
NFLX LNKD TSLA AAPL NTES LULU
CF BBRY EBAY BIDU GG SLW
AEM CIEN MOS MCD X
STLD MS WLT Z
WYNN MLNX.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was ignoring weak durable goods report but US military operation implication took the market by surprise, so down we went in a hurry. Any hostility should give a boost to Gold & Oil. TAPE remains constructive despite last hour pullback. 10 yr @ 2.807% & 30 yr Fixed mortgage @ 4.54% are relatively stable so far. Any weakness should be viewed as "buying opportunity".
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hey Saleem,
Sold INVN @ 17.06. Given the conflicting analyst reports today, there seems to be a lot riding on AAPL wins, and I don't want that kind of stock risk or expectation.
Stocktrader
Hi Stocktrader,
IF you are not comfortable then selling INVN was a good idea.
Saleem
Hi Stocktrader,
Added 25% MU @ $13.45...
Saleem
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