TAPE is weak due to poor earnings plus Malaysian Airlines being shot is adding to fear of escalation in Ukraine. New sanctions against Russia is a serious issue as it does not promote peace or economic activities.
S&P 500 @ 1969.14, low 1965.95, high 1981.80
Internals are negative by minimum 2 to 1
Oil UP $1.80
Gold UP $16.70
Canadian $ UP 5 tick @ 92.65
VIX UP 17.82% @ 12.96
Portfolio EGO FB LULU MU RAD SWIR
Most stocks are down
@ 2.28 following are green :
EGO LULU WUBA LNKD GG KORS RVBD AG COH
TSLA SINA EBAY FFIV INVN ZNGA CIEN JDSU
PANW ABX SLW AEM CCJ AGU TRIP.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
I've had my finger on the trigger of a TNA buy for 10 minutes or so. This seems so overdone.
I decided against it because I'm a stock picker, and will wait for a stock to buy instead of a general market call.
Stocktrader
Hi Stocktrader,
It was a wise move to stay away from triple leverage....
Saleem
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