Wednesday, May 7, 2014

Indices mixed......

TAPE was under selling pressure again & took out lows from yesterday in every index......now there is rebound underway...which IS a good thing.

S&P 500 @ 1874.51, high 1876.47, low 1859.79

Internals are mixed with Nasdaq negative by 2 to 1

Oil UP $1.23

Gold Down $17.50

Canadian $ Down 4 tick @ 91.04

VIX Down 1.09% @ 13.65...high today 14.49

In my portfolio :

Sold MU @ $26.32

Tripled my position in SWIR @ $18.90

Bought KOG @ $12.21

Here is my weighting :

LULU 32.91%, WUBA 21.65%, SWIR 18.44%
KOG 14.70%, OWW 6.71%, GRPN 5.59%

Exposure 179%......

Most stocks are down

@ 2.34 following are green :

OWW V YNDX CRUS SNDK BRCM LSCC
JDSU C CSIQ M SBUX MCD STLD 
MGA LNKD MS GS TRIP.....

BLOG does NOT give buy or sell.

Saleem

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