Wednesday, March 26, 2014

Indices down .39% to 1.07%.......

Indices are under selling pressure again, high beta stocks are violating many support level.

S&P 500 @ 1857.68, low 1857.58, high 1875.92...low from Monday is 1849.69

Internals are negative , 3 to 1 negative in Nasdaq

Oil UP 76 cents

Gold Down $7.50, low today $1300.90

Canadian $ UP 54 tick @ 88.89

VIX UP 4.42% @ 14.64

Portfolio EGO KOG LULU MU

Most stocks are down

@ 2.08 following are green :

LULU OTEX LNKD JCP MGA M NFLX
YUM SPWR CRUS BRCM SPLK
MCD AGU.....

LULU reports before open Thursday, expectations are :
Q4 Sales $515.11 Million EPS 72 cents
Q1 guidance Sales $389.39 Million EPS 38 cents
Expecting higher guidance.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hey Saleem,

I see the damage continues. Some cloud stocks found a little late day bounce. If I can count correctly, this was the last selling day to settle before the end of the quarter--maybe we'll see a bit better trading going forward. $RUT.X chart looks really bad.

Stocktrader

Stocks100 said...

Hi Stocktrader,

YES....3 day settlement entails selling today for end of the month....

YES...cloud stocks RSI are touching 20++++ area which is a "screaming buy area"

We are due for a "deeply oversold bounce".......

Saleem