Indices are making new lows & is down 1.56% to 1.86%. 10 year yield @ 2.77% is causing this weakness.
S&P 500 @ 1659.75, low so far 1658.59 50 DMA @ 1656.71 which is strong support.....
Internals are negative by minimum 4 to 1
Oil UP 46 cents
Gold UP $30.80....highest level in this rebound
Canadian $ UP 28 tick @ 96.89
VIX UP 13.88 @ 14.85
In my portfolio :
Sold F @ $16.42
Bought MU @ $14.22
Bought CLF @ $23.59
Portfolio ANR BAC CLF KOG MU AUY
Exposure 152%
Most stocks are down
@ 2.24 following are green :
ANR KOG AUY TCK SCCO AGU POT JCP
LEN TSLA AAPL NTES CF SU LVS GG
PCLN MOS EGO SLW AEM WLT
MLNX.......
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
Swapped TRLA @ 43.50 for AMAT @ 15.35. AMAT reports after the bell and I think we're in the very early innings of a chip equipment order cycle. Maybe a bit of a gamble, but TRLA was very weak in a decently strong homebuilding tape today.
Stocktrader
Hey Saleem,
Well...that didn't quite work--reported results and guidance below expectations. I'm not sure the catalyst for a buy-on-the-dip here, but maybe the conference call will shed some light.
Stocktrader
Hey Saleem,
With both stocks and bonds down today (yields up), gold may be looking like an attractive asset for many looking to deploy that cash. We might see an outsized move in coming days.
Stocktrader
Hi Stocktrader,
AMAT is down less than 3%......
LRCX is a better one in that sector.
It is amazing that on a day like today..i ended positive......maybe the jinx is broken????
Saleem
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