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
4 comments:
Hey Saleem,
I'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,
All 3D printing stocks are coming back including DDD...which got nasty Citron attention on Friday..no dent.
Saleem
Hey Saleem,
A 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,
CRUS 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
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