TAPE went into freefall again & Nasdaq pierced 50 DMA & went to 4052.63, 4085.54 is 50 DMA.
Volume was very heavy & above Friday's total before 2 PM.......
This highest volume selling may have been a flush out which may bring stability in TAPE.
S&P 500 @ 1787.10, low 1772.88....a drop of 77.96 points or 4.21% in 7 trading days......
Internals are negative by 3 to 1
Oil Down $1.07
Gold Down $4.10
Canadian $ Down 6 tick @ 89.07
VIX Down 3.58% @ 17.49...high today 18.99...indicating that selling is out of the way for now....
Portfolio JKS KOG MU AUY
Most stocks are down
@ 2.05 following are green :
MU KORS AAPL TSL CSIQ LEN LVS FFIV
FSLR ARUN SNDK JDSU FNSR MCD
CCJ SPWR MLNX.....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI'm watching SSYS to determine beta sentiment right now. They just announced a distribution deal with DELL for small/medium size businesses. If SSYS turns around, we're off to the races I think.
Stocktrader
Hi Stocktrader,
ReplyDeleteAll 3D printing stocks are coming back including DDD...which got nasty Citron attention on Friday..no dent.
Saleem
Hey Saleem,
ReplyDeleteA pretty disappointing AAPL quarter. This makes you start to wonder all over again about smartphone saturation and commoditization. I am worried about the CRUS now...
Stocktrader
Hi Stocktrader,
ReplyDeleteCRUS is down 5.6% AH.....it relies heavily on AAPL business.....
Smartphone business is highly challenged even for Samsung as per their latest Q......
I think you need to revist your thesis for near term.....
Saleem