Indices made a reversal & closed lower.
S&P 500 @ 1866.40, low 1863.46, high 1883.97 ( a new all time high )
RSI @ 55.87
CMF @ 0.080
Internals were :
UP volume led by 1.10 to 1 in NYSE & .46 to 1 in Nasdaq
Advancing stocks led by 1.39 to 1 in NYSE & .77 to 1 in Nasdaq
Net new 52 wk highs were leading by 166 in NYSE & 138 in Nasdaq
VIX UP 3.31% @ 15.00
Oil @ $99.46
Gold @ $1336.00
Canadian $ UP 57 tick 88.06......it is hovering around 4.5 years low against US$
Stocks which closed green included TWTR YHOO COH
JCP FB M BIDU SINA AAPL SU V FSLR ARUN
FNSR X STLD WLT TRLA Z AGU MLNX.....
Here is my portfolio weighting :
MU 28.06%
KOG 25.00%
LULU 21.52%
EGO 13.10%
TSL 12.32%
Exposure 148%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I couldn't find time to do a full writeup because we're preparing this weekend to head to AZ for a week. It's about time for a vacation!
The portfolio dropped 2.10% versus the S&P's +1.38%. A lack of downside followthrough in the indices left the portfolio poorly positioned.
High growth stocks were the big losers with many down >5%. The market favored financials most after the Fed decision.
Current holdings:
AAL AXLL MOS JKS AGU CSOD WLH DATA SINA PFPT DRYS
Cash: 20.9%
The market is holding up nicely in spite of major worries like Ukraine and China. This earnings season is likely to see companies report sluggish earnings due to 1st quarter weather, but outlooks should be better. The last week of the quarter will likely see window dressing. I don't see Friday as anything more than profit taking and cautious stances over the weekend in case of some Ukraine flareup. The bull should continue Monday.
Stocktrader
Hi Stocktrader,
Enjoy your family time..it is a memory making moment.....
My view of this market is negative...
Saleem
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