Indices are down again, Dow below 50 DMA & S&P 500 barely above.
S&P 500 @ 1870.86, high 1884.88, low 1868.14, 50 DMA @ 1867.88
Internals are negative by almost 3 to 1
Oil Down 27 cents
Gold UP 60 cents
Canadian $ Down 24 tick @ 91.02
VIX UP 5.07% @ 13.05
Portfolio WUBA GRPN LULU MU OWW SWIR
Most stocks are down
@ 2.22 following are green :
WUBA SWIR AMZN MA CSIQ YUM YNDX
BRCM NFLX SPLK ABX MLNX....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
Sold YELP @ 57.603.
Stocktrader
Hi Stocktrader,
Good luck with your next moves.
Saleem
Hey Saleem,
It kills me that so many people are calling for correction. It can't be right when the consensus for it is that high, right?
Stocktrader
Hi Stocktrader,
We are in a "very tight range market"....that is extremely frustrating for many who want it like 2012 & 2013.....
This is more like a "normal TAPE" where long term strategy should work....which means "forget the noise"
Saleem
Hey Saleem,
I think there's too much daily volatility for this to be a "normal tape". We just can't build a solid base with massive swings like this--we should be getting quieter if this was a normal basing for a move higher...in my opinion of course.
Stocktrader
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